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SmarTrend Watching for Potential Rebound in Shares of Citizens Financi After 2.45% Loss

By James Quinn

Citizens Financi (NYSE:CFG) traded in a range yesterday that spanned from a low of $32.78 to a high of $33.45. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $33.11 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Citizens Financi has traded in a range of $18.34 to $39.75 and is now at $32.88, 79% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.1%.

SmarTrend is tracking the current trend status for Citizens Financi and will alert subscribers who have CFG in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders citizens financi

Ticker(s): CFG