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SmarTrend Watching for Potential Rebound in Shares of Citigroup Inc After 2.27% Loss

By David Diaz

Citigroup Inc (NYSE:C) traded in a range yesterday that spanned from a low of $67.00 to a high of $67.95. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $67.69 on volume of 8.4 million 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.

In the past 52 weeks, shares of Citigroup Inc have traded between a low of $38.31 and a high of $69.92 and are now at $67.03, which is 75% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.2%.

Keywords: rebounders citigroup inc

Ticker(s): C