Shares in Citigroup Inc. are trading close to a major resistance level situated around 76.12 USD, which limits upside potential and could cause a corrective move to the downside. Investors should open a short trade and target the $ 70.7.
Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
The tendency within the weekly time frame is positive above the technical support level at 61.95 USD
Stock prices approach a strong long-term resistance in weekly data at USD 76.12.
Technically, the stock approaches a strong medium-term resistance at USD 76.12.
With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
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