Next Support Level for Citigroup (C) is $41.83
Shares of Citigroup (NYSE:C) have bearishly opened below the pivot of $42.81 today and have reached the first support level of $42.43. Should the shares continue to fall, the support pivots of $41.83 and $40.85 will be of interest.
There is potential upside of 11.4% for shares of Citigroup based on a current price of $42.25 and an average consensus analyst price target of $47.08. The stock should find initial support at its 50-day moving average (MA) of $39.45 and further support at its 200-day MA of $32.96.
In the past 52 weeks, Citigroup share prices have been bracketed by a low of $24.61 and a high of $43.34 and are now at $42.25, 72% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.8%.
SmarTrend recommended that subscribers consider buying shares of Citigroup on December 17th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.48. Since that recommendation, shares of Citigroup have risen 11.8%. We continue to monitor C for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: pivot alerts Citigroup