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Citigroup Inc Falls 1.78% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Citigroup Inc (NYSE:C) traded in a range yesterday that spanned from a low of $66.03 to a high of $67.61. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $67.22 on volume of 11.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Citigroup Inc has traded in a range of $63.16 to $80.70 and is now at $66.11, 5% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Keywords: rebounders citigroup inc

Ticker(s): C