Citigroup (C) is the sole giant bank you should consider buying this summer. Sorry fans of JP Morgan Chase & Co. (JPM) , Wells Fargo (WFC) and Bank of America (BAC) .
Shares of Citigroup are up almost 35% over the past year, and while they haven’t done much in 2017, that’s because they’ve spent all year setting up a pretty textbook example of a bullish continuation pattern.
In other words, Citi could be setting up a second leg higher.
The pattern to watch in Citigroup is an ascending triangle setup, a signal formed by horizontal resistance up above shares at $62, and uptrending support to the downside.
