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


