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Citigroup Inc (C) Crosses Pivot Point Support at $69.91

By Shiri Gupta

Shares of Citigroup Inc (NYSE:C) opened today below their pivot of $70.33 and have already reached the first level of support at $69.91. Should the shares continue to fall, the support pivots of $69.44 and $68.55 will be of interest.

Over the past year, Citigroup Inc has traded in a range of $48.42 to $75.24 and is now at $69.92, 44% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Potential upside of 20.6% exists for Citigroup Inc, based on a current level of $69.92 and analysts' average consensus price target of $84.33. The stock should find initial support at its 50-day moving average (MA) of $67.56 and further support at its 200-day MA of $64.49.

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