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Citizens Financi Falls 1.77% 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 $40.98 to a high of $42.18. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $41.74 on volume of 2.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Citizens Financi on March 22nd, 2018 by issuing a Downtrend alert when the shares were trading at $43.70. Since that call, shares of Citizens Financi have fallen 4.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Citizens Financi have traded between a low of $31.51 and a high of $48.23 and are now at $41.27, which is 31% above that low price. The 200-day and 50-day moving averages have moved 0.30% higher and 0.05% higher over the past week, respectively.

Keywords: rebounders citizens financi

Ticker(s): CFG