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Stock Investors Bid Up Shares of Citigroup, Up 1.8%

Published on Tue, 02/12/2013 - 11:22
By Robert Cotter

Citigroup (NYSE:C) is one of today's notable stocks on the rise, up 1.8% to $43.91. The Dow Jones Industrial Average is now trading fractionally higher to 13,994 and the S&P is trading fractionally higher to 1,518.

Citigroup share prices have moved between a 52-week high of $44.13 and a 52-week low of $24.61 and are now trading 78% above that low price at $43.91 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.2%.

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.

Citigroup (NYSE:C) has potential upside of 10.9% based on a current price of $43.91 and analysts' consensus price target of $48.71. Citigroup shares have support at the 50-day moving average (MA) of $40.32 and additional support at the 200-day MA of $33.21.

By Robert Cotter
rcotter@fnno.com