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Citigroup Inc (C) Approaches New Downside Target of $72.03

By James Quinn

Shares of Citigroup Inc (NYSE:C) opened today below their pivot of $72.69 and have already reached the first level of support at $72.36. Investors may be interested in a cross of the next downside pivot targets of $72.03 and $71.38.

There is potential upside of 15.8% for shares of Citigroup Inc based on a current price of $72.57 and an average consensus analyst price target of $84.05. Citigroup Inc shares have support at the 200-day moving average (MA) of $48.84 and additional support at the 50-day MA of $43.20.

In the past 52 weeks, shares of Citigroup Inc have traded between a low of $38.31 and a high of $80.70 and are now at $72.57, which is 89% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.6%.

SmarTrend is monitoring the recent change of momentum in Citigroup Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Citigroup Inc in search of a potential trend change.

Keywords: pivot alerts citigroup inc

Ticker(s): C