Citigroup (C) Closes Prior Hour Up 0.37%; Price Base in Formation Over Past 30 Days, Breaks Above 20 Day Average, Doji and Pin Bar Patterns Appearing on Chart

Citigroup Inc Daily Price Recap

52.52 was the closing price of the day for Citigroup Inc, resulting in today being one in which price moved up 1.98% ($1.02) from yesterday. As for how volume fared, yesterday’s volume was up 0.53% from the previous day (Monday), and up 72.82% from Tuesday of the week before. Let’s take a look at the daily price chart of Citigroup Inc.

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Citigroup Inc Technical Analysis

Notably, Citigroup Inc crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 10 days Citigroup Inc’s price has gone up 7 them. As for those who trade off of candlesticks, we should note that we’re seeing doji and pin bar patterns appearing here.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about C:

    $RKT Vs $JPM $BAC $WFC $C

    TheStreet: The Largest Mortgage Origination Volume on Record.

    https://www.thestreet.com/mishtalk/economics/the-largest-mortgage-origination-volume-on-record

    Current RKT Earnings Per Share (EPS): $2.42 (Higher means better)
    Current RKT Price/Earnings (P/E): 9.39 (Lower means better)

    https://ir.rocketcompanies.com/news-and-events/press-releases/press-release-details/2020/Rocket-Companies-Announces-Second-Quarter-Results/default.aspx

    As per CNBC.com latest updated current numbers of RKT below based on 2nd Quarter 2020 profits $3.5 Billions and expected 3rd Quarter 2020 profits around $4 Billions profits, RKT 2020 annual profits (expected around $10 Billions profits) more than top 5 Banks 2020 annual profits!

    StocksTrading1