Power Plays New Ideas: C & SLV
July 16, 2024

By Scott Redler

I'm adding 2 new Power Plays today.

The theme is the same -- catch-up to the leaders.

Name: iShares Silver Trust

Ticker: SLV

Price: $28.55

Needs to Hold: $24.70 to $26.70

Price Objective 1: $31 to $33

Price Objective 2: N/A

GLD has been ripping and I expect SLV to play break out in a catch-up play.

So I'm adding SLV to Power Plays here.

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Name: Citigroup

Ticker: C

Price: $66.44

Needs to Hold: $59 to $62

Price Objective 1: N/A

Price Objective 2: N/A

I'm also adding Citigroup (C) to Power Plays here.

The banks are breaking out, and C had a strong report.

So I think C has a strong chance of playing catchup to the current leaders like JPM, GS and MS.

-Scott

Scott Redler Positions Disclosure as of 2024-07-16 at 11.10.06 AM