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Stock impact report

3 Bank Stocks to Keep on Your Radar as They Reach New 52-Week Highs [Yahoo! Finance]

Citigroup, Inc. (C) 
Last citigroup, inc. earnings: 4/15 08:00 am Check Earnings Report
US:NYSE Investor Relations: citigroup.com/citi/investor/pres.htm
Company Research Source: Yahoo! Finance
When a stock sets a new 52-week high, it signifies positive momentum and suggests that the price has been steadily growing over the last 52 weeks. This might attract more investors and traders who regard the stock as a great performer and want to ride the current rising trend. Stocks that reach new 52-week highs are generally prone to profit-taking, resulting in pullbacks and trend reversals. Given the stock's high price, investors frequently ask if it is overvalued. While the speculation is not completely unfounded, not all companies that reach a 52-week high are expensive. To avoid the high pricing, investors may miss out on top performers. Major banks like Citigroup Inc. C, U.S. Bancorp USB, and Bank of America Corporation BAC are expected to maintain their momentum and keep scaling new highs. All three banks reached a new 52-week high yesterday. In the past year, all three stocks rose more than 10%. Price Performance Image Source: Zacks Investment Research To determine w Show less Read more
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