Citigroup has been recovering as it broke over the 50 day moving average on the daily and is retesting the prior high in 8/28/09 of $5.43. Prices are creating what appears to be a rounded bottom pattern where there is some resistance at the five dollar range and also will be resistance at past high of $5.43. There does appear that there may be some weakening momentum to the upside sold for prices to break the prior high strength must continue to be strong. Keep in mind these are early type of patterns and the half greater risk because final stock distribution selling might not have been completed yet.
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