Technical Trigger: Citi Crossed A Key Momentum Level Earlier This Week

This Technical Trigger was provided by TraderMinute.

With the market still in full bull mode, financials, and the Select Sector Financial SPDR XLF in particular, are shining.

Within this space, there are a lot of opportunities, but Citigroup Inc C has one of the best charts out there. The bank giant's share price has fluctuated in a very wide range over the last six months, hitting a support low of $47 in February, creating a double-bottom.

Citi then rocketed up to $54 in just under a month.

The price action earlier this week in Citi was very bullish. The stock pulled back to its 50-day moving average last week, but hit as high as $51.97 on Monday afternoon.

Around that time, the Relative Strength Index (RSI) -- a momentum indicator -- crossed above its midpoint (50). Citi is worth watching as traders head into April.