Shares of Citigroup Rise to a New 52-Week High
Citigroup (NYSE:C) traded today at a new 52-week high of $44.79. Approximately 4.2 million shares have changed hands today, as compared to an average 30-day volume of 29 million shares.
Potential upside of 11.4% exists for Citigroup, based on a current level of $44.51 and analysts' average consensus price target of $49.60. The stock should find initial support at its 50-day moving average (MA) of $42.22 and further support at its 200-day MA of $34.16.
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.
In the past 52 weeks, shares of Citigroup have traded between a low of $24.61 and a high of $44.79 and are now at $44.51, which is 81% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.6%.
SmarTrend is monitoring the recent change of momentum in Citigroup. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Citigroup in search of a potential trend change.
Keywords: 52 week high/lows Citigroup