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Actionable news in BAC: BANK OF AMERICA CORPORATION,

Trader says it’s time to bank on Citi shares

Citigroup has just broken out of its resistance, says one trader making a bet that it will head higher.

Todd Gordon, founder of TradingAnalysis.com, said Monday that Citigroup is worth taking a look at, as "we're seeing the financials do quite well."

Citigroup held a level of last support at the $37.66 mark and is now beginning to "press higher," Gordon said on CNBC's "Trading Nation."

Looking at a chart of Citigroup going back about one year, Gordon pointed out a "downtrend resistance" trend he says will prompt...


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