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Buyers Accumulating Shares of Citigroup on 1.3x Above-Average Volume (C)
5 days 13 hours 6 minutes ago - PSM
Comtex SmarTrend(R)

Shares of Citigroup (NYSE:C) are trading up 0.1% to $4.91 today on above average volume. Approximately 446.5 million shares have traded hands today vs. average 30-day volume of 335.7 million shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of C to see if this bullish momentum will continue.

SmarTrend currently has shares of Citigroup in an Uptrend and issued the Uptrend alert on November 05, 2010 at $4.42. The stock has risen 11% since the Uptrend alert was issued.

In the last five trading sessions, the 50-day MA has climbed 0.97% while the 200-day MA has risen 0.29%.

In the past 52 weeks, shares of Citigroup have traded between a low of $3.11 and a high of $5.07 and are now at $4.86, which is 56% above that low price.

Write to Chip Brian at cbrian@tradethetrend.com

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