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Bullish Moving Average Cross by Citigroup (C)

By James Quinn

Citigroup (NYSE:C) crossed over its 10-day moving average of $60.81 on a volume of 5.5 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Citigroup share prices have been bracketed by a low of $34.52 and a high of $62.58 and are now at $61.24, 77% above that low price. The 200-day and 50-day moving averages have moved 0.55% lower and 1.23% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Citigroup and will alert subscribers who have C in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Citigroup

Ticker(s): C