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Watch for Shares of Citigroup (C) to Approach Resistance at $64.46

By James Quinn

Shares of Citigroup (NYSE:C) have bullishly opened above the pivot of $63.94 today and have reached the first resistance level of $64.18. Should the shares continue to rise, the resistance pivots of $64.46 and $64.98 will be of interest.

Citigroup (NYSE:C) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $64.38. The stock should find initial resistance at its 50-day moving average (MA) of $43.20 and further resistance at its 200-day MA of $48.84.

Over the past year, Citigrouphas traded in a range of $0.00 to $65.40 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.6%.

SmarTrend recommended that subscribers consider buying shares of Citigroup on February 14th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.43. Since that recommendation, shares of Citigroup have risen 7.5%. We continue to monitor C for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts Citigroup

Ticker(s): C