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Citizens Financi Falls 1.23% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Citizens Financi (NYSE:CFG) traded in a range yesterday that spanned from a low of $37.27 to a high of $38.15. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $38.14 on volume of 2.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

Citizens Financi share prices have moved between a 52-week high of $48.23 and a 52-week low of $36.25 and are now trading 4% above that low price at $37.68 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

Keywords: rebounders citizens financi

Ticker(s): CFG