Citigroup Inc (C) Tops All mega cap US stocks, Moves Up For the 4th Day In A Row; But Still in a Downtrend Over Past 90 Days

Citigroup Inc Daily Price Recap

Citigroup Inc closed yesterday up 8.03% ($3.46); this denotes the 4th day in a row an upward move has occurred. The price move occurred on volume that was up 17.63% from the day prior, but down 17.41% from the same day the week before. Below is a daily price chart of Citigroup Inc.

Citigroup Inc Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up. If you’re looking to trade the primary trend, this may be a good opportunity to sell rallies created by the counter trend. Or to view things another way, note that out of the past 10 days Citigroup Inc’s price has gone up 5 them.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to C:

    $JPM $BAC $C $COF the banks all currently at higher RSI and at or near the 200 MA – wait for a pull back then load up. Thanks to the 2008 financial crises, these guys are prepared for this. The banks are getting massive amounts of money through stimulus and forgivable SBA loans. – link 👇🏼