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Look for Shares of Citigroup Inc to Potentially Rebound after Yesterday's 2.19% Sell Off

By Shiri Gupta

Citigroup Inc (NYSE:C) traded in a range yesterday that spanned from a low of $72.88 to a high of $73.40. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $74.43 on volume of 766,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Citigroup Inc share prices have moved between a 52-week high of $76.28 and a 52-week low of $48.42 and are now trading 51% above that low price at $72.89 per share. The 200-day and 50-day moving averages have moved 0.17% higher and 0.30% higher over the past week, respectively.

Keywords: rebounders citigroup inc

Ticker(s): C