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 was buoyed by the positive support of the 50-day SMA, with positive signals from the RSI after reaching overbought levels, while settling above 64.59, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the short term (from 80.70 to 48.49).
Therefore we reaffirm our positive outlook for the stock, targeting the resistance of 64.59, representing the ratio 50% of the same retracement levels, as long as it settles above 64.59.
Expected trend for today: Bullish