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Citigroup Inc (C) Crosses Pivot Point Resistance at $70.65

Sep 14, 2021 (SmarTrend(R) News Watch via COMTEX) --
Shares of Citigroup Inc (NYSE:C) have bullishly opened above the pivot of $70.21 today and have reached the first resistance level of $70.65. Should the shares continue to rise, the resistance pivots of $71.11 and $72.01 will be of interest.

Over the past year, Citigroup Inc has traded in a range of $32.00 to $83.11 and is now at $70.48, 120% above that low. The 200-day and 50-day moving averages have moved 0.35% higher and 0.03% lower over the past week, respectively.

There is potential upside of 19.6% for shares of Citigroup Inc based on a current price of $70.48 and an average consensus analyst price target of $84.33. The stock should discover initial support at its 50-day moving average (MA) of $69.87 and subsequent support at its 200-day MA of $68.86.

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.

Write to SmarTrend at cs@mysmartrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com

comtex tracking

COMTEX_393319504/2476/2021-09-14T10:17:07

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