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Citigroup Inc
(NYSE: C) Add to Portfolio
$68.36
+0.39 (+0.57%)
as of 09:40 EDT

Citigroup Inc (C) Approaches New Downside Target of $63.57

Shares of Citigroup Inc (NYSE:C) have bearishly opened below the pivot of $65.19 today and have reached the first support level of $64.42. Analysts will be watching for a cross of the next downside pivot targets of $63.57 and $61.95.

In the past 52 weeks, Citigroup Inc share prices have been bracketed by a low of $48.42 and a high of $75.24 and are now at $64.36, 33% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Citigroup Inc has overhead space with shares priced $64.36, or 23.7% below the average consensus analyst price target of $84.33. Citigroup Inc shares should first meet resistance at the 200-day moving average (MA) of $65.47 and find additional resistance at the 50-day MA of $65.94.

SmarTrend is monitoring the recent change of momentum in Citigroup Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Citigroup Inc in search of a potential trend change.

Write to SmarTrend at cs@mysmartrend.com

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