Citigroup (C) Offering Possible 5.26% Return Over the Next 10 Calendar Days

Citigroup's most recent trend suggests a bearish bias. One trading opportunity on Citigroup is a Bear Call Spread using a strike $49.00 short call and a strike $54.00 long call offers a potential 5.26% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $49.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock rose above the $54.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Citigroup is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Citigroup is bearish.

The RSI indicator is at 40.71 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Citigroup

Argentina’s Wall Street Fixers Joined by Deutsche Bank for Talks
Thu, 07 Aug 2014 10:43:56 GMT

Bank Of America In Record Settlement With US
Thu, 07 Aug 2014 07:45:35 GMT

Bank of America, Justice near $17B settlement
Thu, 07 Aug 2014 00:26:42 GMT

MEDIA-Deutsche Bank said to join talks with Argentina's holdout creditors – Bloomberg
Thu, 07 Aug 2014 00:07:55 GMT
Reuters – UK Focus – — Source link: — Note: Reuters has not verified this story and does not vouch for its accuracy

Deutsche Bank Said to Have Joined Talks With Argentina Holdouts
Wed, 06 Aug 2014 23:18:36 GMT

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