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Watch for Shares of Citigroup Inc (C) to Approach Resistance at $67.84

By James Quinn

Shares of Citigroup Inc (NYSE:C) opened today above their pivot of $67.18 and have already reached the first level of resistance at $67.60. Should the shares continue to rise, the resistance pivots of $67.84 and $68.50 will be of interest.

Citigroup Inc (NYSE:C) has potential upside of 24.2% based on a current price of $67.91 and analysts' consensus price target of $84.33. The stock should find initial support at its 200-day moving average (MA) of $65.44 and further support at its 50-day MA of $63.81.

In the past 52 weeks, shares of Citigroup Inc have traded between a low of $48.42 and a high of $75.24 and are now at $67.91, which is 40% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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