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Citizens Financi Falls 1.12% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Citizens Financi (NYSE:CFG) traded in a range yesterday that spanned from a low of $33.94 to a high of $34.43. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $34.10 on volume of 1.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Citizens Financi have traded between a low of $27.62 and a high of $42.23 and are now at $34.14, which is 24% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Citizens Financi and will alert subscribers who have CFG in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders citizens financi

Ticker(s): CFG