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Citigroup Inc
(NYSE: C) Add to Portfolio
$68.14
+0.17 (+0.25%)
as of 10:17 EDT

Citigroup Inc Set to Possibly Rebound After Yesterday's Selloff of 4.46%

Citigroup Inc (NYSE:C) traded in a range yesterday that spanned from a low of $64.87 to a high of $67.89. Yesterday, the shares fell 4.5%, which took the trading range below the 3-day low of $66.43 on volume of 7.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Citigroup Inc share prices have moved between a 52-week high of $75.24 and a 52-week low of $48.42 and are now trading 34% above that low price at $64.87 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Citigroup Inc on April 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $64.94. Since that recommendation, shares of Citigroup Inc have risen 4.6%. We continue to monitor C for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to SmarTrend at cs@mysmartrend.com

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