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Citigroup Crosses Above its 10-day MA (C)

By Amy Schwartz

Citigroup (NYSE:C) shares have crossed bullishly above their 10-day moving average of $59.73 on a volume of 2.7 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.

Over the past year, Citigroup has traded in a range of $34.52 to $62.53 and is now at $59.86, 73% above that low. 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