Actionable news
All posts from Actionable news
Actionable news in C: CITIGROUP Inc,

What Does Citigroup Need to Do to Keep Going Higher?

Shares of Citigroup (C - Get Report) are ramping over 5.5% today after opening the session with a powerful news-inspired breakout gap. The stock has now extended its rebound off last week's low to over 10%, putting it within pennies of the March peak. Just above this important level is a key resistance zone.

As Citigroup moves past $44.55, it will fill the extremely damaging breakdown gap left behind following a disappointing fourth-quarter report. For patient bulls, a pullback from this resistance area will provide a...