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Citigroup Bullish Moving Average Crossover Alert (C)

By James Quinn

Today, shares of Citigroup (NYSE:C) have crossed bullishly above their 10-day moving average of $43.97 on a volume of 8.1 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Citigroup share prices have moved between a 52-week high of $60.95 and a 52-week low of $34.52 and are now trading 31% above that low price at $45.20 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 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