Citigroup (C) is well known around the world. Citi's stock price took a real beating in February and March and has struggled to recover the past 10 months. The shares somehow managed to double from their March nadir but now have rolled over and look vulnerable to another pullback.
Let's check out the charts and indicators.
In the daily bar chart of C, below, we can see that prices have turned lower this month and are now trading below the rising 50-day moving average line. C could make a new low close for the move down Friday and this would mean losses for longs going back to the middle of December. These longs will be under more and more pressure to cut their losses.
The On-Balance-Volume (OBV) line has turned lower telling us that sellers of C are now more aggressive than buyers. The trend-following Moving Average Convergence Divergence (MACD) oscillator is pointed down and close to crossing below the zero line. This would be an outright sell signal should it happen.