Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
City Group's stock (C) fell in the intraday levels while gathering momentum to rise anew, as it also traded alongside the upward correctional short-term trend line, with positive support from the 50-day SMA, while the RSI reached oversold levels.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 54.40, provided the support of 47.85 holds on.
Expected trend for today: Bullish