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Citigroup Inc Falls 1.84% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Citigroup Inc (NYSE:C) traded in a range yesterday that spanned from a low of $43.37 to a high of $44.69. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $43.44 on volume of 9.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Citigroup Inc have traded between a low of $32.00 and a high of $83.11 and are now at $43.26, which is 35% above that low price. The 200-day and 50-day moving averages have moved 0.61% lower and 2.57% lower over the past week, respectively.

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: rebounders citigroup inc

Ticker(s): C