Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Citigroup’s stock price © fell in the intraday levels on profit-taking, while gathering positive momentum to rise anew, as it also tried to vent off overbought saturation in the RSI with negative signals out of them, amid the dominance of the main upward trend in the short term, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of $63.90.
Trend Forecast: Likely Bullish