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Shares of Citigroup Has Risen Above Previous 52-Week High

By Shiri Gupta

Shares of Citigroup (NYSE:C) traded today at $64.32, breaking its 52-week high. Approximately 5.4 million shares have changed hands today, as compared to an average 30-day volume of 20.1 million shares.

Citigroup share prices have moved between a 52-week high of $64.32 and a 52-week low of $34.52 and are now trading 86% above that low price at $64.28 per share. 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%.

Citigroup has overhead space with shares priced $64.28, or 0.2% below the 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.

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 6.4%. 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