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Look for Shares of Citigroup Inc to Potentially Rebound after Yesterday's 1.99% Sell Off

By David Diaz

Citigroup Inc (NYSE:C) traded in a range yesterday that spanned from a low of $66.22 to a high of $68.30. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $67.84 on volume of 22.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Citigroup Inc share prices have moved between a 52-week high of $80.70 and a 52-week low of $64.38 and are now trading 5% above that low price at $67.34 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-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