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Citigroup has had a nice run this month.  At this morning’s peak the stock is up over 25% from the October close.  Today Citigroup received an upgrade from KBW: In addition to KBW’s bullish comments we believe last week’s key trend line break will carry shares higher in the near term.  C is heading for its first weekly close above its 200 day moving average since February 21st.  Key hurdle will be the $54.00 area(Sept. highs).  Support is in place from the $50.00 to $48.00 area.  On the downside a close back below $46.00 would violate last week’s low indicating more basing is ahead. 

Long C in some managed accounts.