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Citigroup Inc Rises 1.78% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Citigroup Inc (NYSE:C) traded in a range yesterday that spanned from a low of $67.81 to a high of $68.62. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $68.31 on volume of 8.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Citigroup Inc share prices have been bracketed by a low of $48.42 and a high of $75.24 and are now at $68.62, 42% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

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.

Keywords: rebounders citigroup inc

Ticker(s): C