Citigroup stock price market watchers eye a potential

Market watchers eye a potential breakout if volume sustains above 20 million shares, a bullish indicator in banking stocks. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. "This transaction represents our longstanding purpose of advancing projects that strengthen Mexico’s development. We are fully confident in its present and future opportunities, as well as in the potential of its people,” said Fernando Chico Pardo. “We firmly believe that Banamex and its talented and experienced team will continue to be a fundamental pillar supporting Mexico, its companies and its families. We are also profoundly committed to continuing and to renew the social and cultural programs that distinguish Banamex and give access to an invaluable artistic heritage to millions of Mexicans. For our family, this is more than a business decision, it is an expression of confidence in Mexico and an assertion of our commitment to its economic, social and cultural progress,” he concluded. Technical analysts are flagging CitiGroup stock price’s convergence near a bullish triangle pattern, which could precede a decisive breakout.