Citigroup stock price technical analysts are flagging

Technical analysts are flagging CitiGroup stock price’s convergence near a bullish triangle pattern, which could precede a decisive breakout. Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Banamex, the fourth-largest financial group in Mexico by total assets, offers a full suite of financial services to consumers and small and mid-market business owners through an extensive distribution network of ~1,300 branches, ~9,000 ATMs, ~13.6 million retail banking clients, ~6,000 commercial banking clients and ~8.6 million pension fund management customers. CitiGroup stock price continues to attract institutional interest, with recent 13F filings showing increased stakes from large asset managers.