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Citigroup Crosses Above its 10-day MA (C)

By James Quinn

Citigroup (NYSE:C) crossed over its 10-day moving average of $43.57 on a volume of 7.0 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Citigroup have traded between a low of $34.52 and a high of $60.95 and are now at $43.92, which is 27% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Citigroup on May 6th, 2016 by issuing a Downtrend alert when the shares were trading at $44.07. Since that call, shares of Citigroup have fallen 3.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Citigroup

Ticker(s): C