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Citigroup (C) Approaches New Upside Target of $43.28
[February 25, 2013]

Citigroup (C) Approaches New Upside Target of $43.28

Feb 25, 2013 (SmarTrend(R) News Watch via COMTEX) -- Citigroup (NYSE:C) has opened bullishly above the pivot of $42.72 today and has reached the first level of resistance at $43.04. Should the shares continue to rise, the resistance pivots of $43.28 and $43.84 will be of interest.

Citigroup (NYSE:C) has potential upside of 15.3% based on a current price of $43.00 and analysts' consensus price target of $49.60. The stock should discover initial support at its 50-day moving average (MA) of $41.57 and subsequent support at its 200-day MA of $33.64.

Over the past year, Citigroup has traded in a range of $24.61 to $44.71 and is now at $43.00, 75% above that low. The 200-day and 50-day moving averages have moved 0.64% higher and 1.20% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Citigroup on December 17th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.48. Since that recommendation, shares of Citigroup have risen 10.1%. We continue to monitor C for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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