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Watch for Citizens Financi to Potentially Rebound After Falling 2.27% Yesterday

By Shiri Gupta

Citizens Financi (NYSE:CFG) traded in a range yesterday that spanned from a low of $37.24 to a high of $37.73. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $38.25 on volume of 1.3 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 $27.62 to $38.92 and is now at $37.45, 36% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

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