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Citigroup: 52-Week High Recently Eclipsed (C)

By Shiri Gupta

Citigroup (NYSE:C) traded today at a new 52-week high of $65.40. So far today approximately 6.3 million shares have been exchanged, as compared to an average 30-day volume of 20.1 million shares.

Citigroup (NYSE:C) is currently priced 1.1% above its average consensus analyst price target of $64.38. The stock should find initial support at its 200-day moving average (MA) of $48.84 and further support at its 50-day MA of $43.20.

Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company's services include investment banking, retail brokerage, corporate banking, and cash management products and services.

Citigroup share prices have moved between a 52-week high of $65.40 and a 52-week low of $34.52 and are now trading 89% above that low price at $65.10 per share. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Citigroup on February 14th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.43. Since that recommendation, shares of Citigroup have risen 8.4%. We continue to monitor C for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Citigroup

Ticker(s): C