With Citigroup Inc.'s (NYSE:C) breakout confirmed, Citi is near next level to beat
Shares of Citigroup Inc. (NYSE:C) have experienced a breakout confirmation to the upside during the last day of trading for the week. Yesterday, Citi’s stock finally managed to break above long-standing resistance of $4.30 while today bullish momentum has gained even more steam. Look to the chart which can be expanded to see all of this.
The next price level to surpass to provide further traction for bullish momentum is $4.63 which was last seen on April, 29. How high will Citi go before a retrace while investors secure and lock in profit is a good question, as new company events may unfold over this weekend, while the market is closed to dictate upcoming trend movement.
Citigroup Inc. (C) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services. Citi has approximately 200 million customer accounts and does business in more than 140 countries
Citi has a market value of $130,163,579,032.50 with 28,973,529,000 shares outstanding. The company has last closed at $4.49 with an intraday high of $4.51 per share.