Stocks remain elevated as 3rd quarter earnings season is about to kick off.
This includes most mega cap bank stocks.
Today we look at Citigroup (C) and highlight why its earnings report may come at a pivotal time for its stock price… and traders.
As usual, this comes by looking at a simple stock chart.
Note that the following MarketSurge charts are built with Investors Business Daily’s product suite.
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$C – Citigroup Stock Chart
Citigroup’s stock price has pulled back in recent weeks. It is currently testing important support at its 50-day moving average. This comes as it is a matter of days away from reporting 3rd quarter earnings. Perhaps Citigroup’s earnings will be the catalyst for the stock’s next move higher or lower.
Twitter: @andrewnyquist
The author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
