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) tumbled 2.06% in the last session, breaching the pivotal support of 64.45, and settling at 63.70, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the first support at 61.90, provided it settles below 64.45.
Expected trend for today: Bearish