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Citigroup Shares Sinking Lower, Down 2.3%

Published on Thu, 02/21/2013 - 11:45
By Adrienne Chilton

One of today's stocks on the move is Citigroup (NYSE:C), down 2.3% to $42.22. The S&P is currently trading 0.5% lower to 1,505 and the Dow Jones Industrial Average is trading 0.3% lower to 13,878.

Over the past year, Citigroup has traded in a range of $24.61 to $44.71 and is now at $42.22, 72% above that low. The 200-day and 50-day moving averages have moved 0.32% higher and 0.69% higher over the past week, respectively.

There is potential upside of 15.4% for shares of Citigroup based on a current price of $42.22 and an average consensus analyst price target of $48.71. The stock should discover initial support at its 50-day moving average (MA) of $41.37 and subsequent support at its 200-day MA of $33.53.

Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company's services include investment banking, retail brokerage, corporate banking, and cash management products and services.

By Adrienne Chilton