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 C technical analysis:
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