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
---------------------------------------------------------------------------------------------
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
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup