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Next Support Level for Citigroup Inc (C) is $66.45

By Amy Schwartz

Shares of Citigroup Inc (NYSE:C) have bearishly opened below the pivot of $67.64 today and have reached the first support level of $66.87. Analysts will be watching for a cross of the next downside pivot targets of $66.45 and $65.27.

Citigroup Inc has overhead space with shares priced $66.42, or 21.2% below the average consensus analyst price target of $84.33. Citigroup Inc shares should first meet resistance at the 50-day moving average (MA) of $69.41 and find additional resistance at the 200-day MA of $72.58.

In the past 52 weeks, Citigroup Inc share prices have been bracketed by a low of $63.16 and a high of $80.70 and are now at $66.42, 5% above that low price. The 200-day and 50-day moving averages have moved 0% lower and 0.02% lower over the past week, respectively.

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: pivot alerts citigroup inc

Ticker(s): C