• Return to Headlines

Look for Shares of Citigroup Inc to Potentially Rebound after Yesterday's 4.74% Sell Off

By James Quinn

Citigroup Inc (NYSE:C) traded in a range yesterday that spanned from a low of $61.55 to a high of $62.82. Yesterday, the shares fell 4.7%, which took the trading range below the 3-day low of $63.84 on volume of 12.8 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 Citigroup Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Citigroup Inc in search of a potential trend change.

In the past 52 weeks, Citigroup Inc share prices have been bracketed by a low of $48.42 and a high of $75.24 and are now at $61.55, 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

Keywords: rebounders citigroup inc

Ticker(s): C