Let's check in on the charts to see what could be in store for the stock after this earnings report.
In the daily bar chart of C, below, we can see a mixed picture. The shares declined sharply in February and March and have made only a partial recovery in the weeks since the March low. Prices are holding above the rising 50-day moving average line but below the declining 200-day moving average line.
Trading volume has been heavy since late February but the On-Balance-Volume (OBV) line has been largely moving sideways since March and not giving us much confirmation or signs of aggressive buying. The trend-following Moving Average Convergence Divergence (MACD) oscillator is retesting the zero line and does not present a picture of trend strength.
In the weekly bar chart of C, below, we can see a mixed picture. Prices are below the declining 40-week moving average line. The weekly OBV line shows some improvement the past three months but still is not particularly strong.
The MACD oscillator crossed to a cover shorts buy signal in late May but still is well below the zero line and an outright buy signal.
In this daily Point and Figure chart we can see a potential upside price target in the $59-$60 area but a decline to $49 is likely to weaken the chart.
Bottom-line strategy: It looks like traders have been treating shares of C as a trading affair. It also looks like that condition could continue a while longer.