Citigroup Sharply Higher Ahead Of Q1 Reprot

Citigroup

shares are trading higher by $0.72 at $44.97 in Thrusdfay's session. The issue has been rallying in sympathy with the solid reports from JP Morgan and Bank Of America. Citigroup will report before the open on Friday and Street estimates stand for EPS at $1.14 with revenues of $17.77B. Over the last two days, the issue had roughly $3 since Tuesday's close of $41.90. In today's session it quickly recoverd from a lower as it found support at $44.02. The ensuing rally has found intadfay resistance at $45.29. That marks the highest level for the issue since it peaked January 14 at $45.81.