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Citigroup Inc Crosses Below its 10-day MA (C)

By Nick Russo

Citigroup Inc (NYSE:C) crossed under its 10-day moving average of $67.40 on a volume of 11.5 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Citigroup Inc share prices have been bracketed by a low of $64.38 and a high of $80.70 and are now at $66.61, 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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

Keywords: moving crosses citigroup inc

Ticker(s): C