Technical indicators currently hint at a trend reversal to the downside. As a result of this situation, new short positions could be open on the share Citigroup Inc.. Investors should open a short trade and target the $ 73.1.
Strengths
The group's activity appears highly profitable thanks to its outperforming net margins.
The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
Sales forecast by analysts have been recently revised upwards.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
The stock is in a well-established, long-term rising trend above the technical support level at 70.39 USD
Weaknesses
Stock prices approach a strong long-term resistance in weekly data at USD 81.12.
The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
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