Citigroup (C) Offering Possible 13.38% Return Over the Next 38 Calendar Days

Citigroup's most recent trend suggests a bearish bias. One trading opportunity on Citigroup is a Bear Call Spread using a strike $52.50 short call and a strike $57.50 long call offers a potential 13.38% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $52.50 by expiration. The full premium credit of $0.59 would be kept by the premium seller. The risk of $4.41 would be incurred if the stock rose above the $57.50 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 40.05 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

Europe shares open higher with mild recovery
Thu, 16 Oct 2014 07:00:00 GMT

Asian stocks sag as US growth jitters mount
Thu, 16 Oct 2014 03:22:55 GMT

[$$] Mexican Regulator Fines Banamex
Thu, 16 Oct 2014 00:27:07 GMT

Mexico regulators fine Citi unit $2 million over loan scandal
Thu, 16 Oct 2014 00:06:53 GMT
Reuters – Mexico's bank regulator said on Wednesday it fined Citigroup's Mexican unit Banamex nearly 30 million pesos (US$2.2 million) over lapses in oversight of loans to oil services company Oceanografia that cost the lender more than $500 million. A February investigation showed the bank had failed in its prudential responsibilities and lacked adequate internal controls, Mexico's National Banking and Securities Commission said in a statement. Banamex said in a statement it had paid the fine and would follow recommendations made by regulators. Banamex said its own investigations showed that the fraud was an “exceptional” case.

Citigroup’s Mexico Unit Fined $2.2 Million Over Loan Controls
Wed, 15 Oct 2014 23:34:34 GMT

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