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Look for Shares of Citigroup Inc to Potentially Rebound after Yesterday's 1.84% Sell Off

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.

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.

Citigroup Inc share prices have moved between a 52-week high of $83.11 and a 52-week low of $32.00 and are now trading 35% above that low price at $43.26 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.6% while the 200-day MA has slid 0.6%.

Keywords: rebounders citigroup inc

Ticker(s): C