Citigroup Has A Triangle Upside Breakout

Published 11/15/2013, 03:23 PM

Big move for Citigroup (C) today as it breaks out of the triangle pattern to the upside. Above $51.50 should attract additional buyers as well.

There continues to be a huge level of support for the stock at the 200-day moving average, so that any move below it, should be a strong reason to exit any longs that you might have.

But for now it is breaking out and breaking out hard. So have at it.

Here's The Technical Analysis

Citigroup

Source: StockingCiti.com

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