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Bullish Moving Average Cross by Citigroup Inc (C)

By Amy Schwartz

Today, shares of Citigroup Inc (NYSE:C) have crossed bullishly above their 10-day moving average of $41.90 on a volume of 2.3 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Citigroup Inc share prices have been bracketed by a low of $32.00 and a high of $83.11 and are now at $44.78, 40% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 6.1%.

SmarTrend is monitoring the recent change of momentum in Citigroup Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Citigroup Inc in search of a potential trend change.

Keywords: moving crosses citigroup inc

Ticker(s): C