Citigroup Inc. (NYSE:C) stock recovers a price gap from April 26 and shows no sign of weakening as it approaches the 12-month high
Citigroup Inc. (NYSE:C) stock has started another week of trading on a positive note with recovery of the April 26th price gap. Volume is still subsiding but that may be expected when a stock is still winding down from a gargantuan 3.2 billion shares exchanged several market days earlier. There is still a lingering sense of investors trying to jump on board before an opportunity departs port without them.
Technical strength remains sustained, the only day when price action of Citi’s stock took a break was this past Tuesday with a bit of hangover from Monday. Even then, momentum of many technical indicators remained up. Shares of Citi are still making a run at $5.07 without sign of a retrace and will set a new 12-month high if shares do in fact exceed this old high.
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. The company has a market value of $140,530,192,537.50 with 29,050,169,000 shares outstanding.