City Group pares losses - Analysis - 17-07-2017

City Group's stock (C) fell in the intraday levels, recording a loss of 0.45% in the last session, or 0.30 points, after leaning on the support of 65.55, lending it some momentum that helped it bounce and pare the losses, while trading within an ascending price channel that guided recent trading, with positive support from the 50-day SMA.

Therefore we expect the stock to return higher, as long as the support of 65.55 holds on, targeting the resistance of 68.73.