Buyers Stepping In - Citigroup

Buyers Stepping In - Citigroup

New York, May 10th (TradersHuddle.com) - Unusual high volume detected on shares of Citigroup Inc. (NYSE:C), early in the trading session. Citigroup is currently trading higher by 5.62%, so definitely the buyers stepping in, as the stock's volume is on pace to break its average.

Citigroup Inc. (NYSE:C) is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. Its services include investment banking, retail brokerage, corporate banking, and cash management products and services.

Citigroup has already traded 0.906 times its 3-month average volume, and has calculated support and resistance at $3.9 and $5.07 respectively. Traders like to use volume as their lie detector for price action moves through predefined trading ranges.

The overall market index S&P 500 is trading higher by 4.09% from its previous trading close, which means that Citigroup stock is outperforming the overall market.

Powered by ScribeFire.