Citigroup Offering Possible 11.36% Return Over the Next 23 Calendar Days

Citigroup's most recent trend suggests a bearish bias. One trading opportunity on Citigroup is a Bear Call Spread using a strike $50.00 short call and a strike $55.00 long call offers a potential 11.36% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $50.00 by expiration. The full premium credit of $0.51 would be kept by the premium seller. The risk of $4.49 would be incurred if the stock rose above the $55.00 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 20.16 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

After-hours buzz: Google, Amazon, Zynga & More
Thu, 30 Jan 2014 22:04:19 GMT
CNBC – Check out which companies are making headlines after the bell Thursday.

Non-U.S. Companies Raise $10.5 Billion Through Depositary Receipts in 2013
Thu, 30 Jan 2014 20:50:00 GMT
Business Wire – NEW YORK–(BUSINESSWIRE)– The market for non-U.S. companies raising capital in depositary receipt (DR) form remained strong in 2013, with $10.5 billion in DR capital raised. According to an industry report …

Non-U.S. Companies Raise $10.5 Billion Through Depositary Receipts in 2013
Thu, 30 Jan 2014 20:50:00 GMT
Business Wire – The market for non-U.S. companies raising capital in depositary receipt form remained strong in 2013, with $10.5 billion in DR capital raised.

Exclusive: Blackstone, TPG, CVC weigh $5-6 billion Gates buyout – sources
Thu, 30 Jan 2014 19:46:17 GMT

Let's put this stupid Fed tapering discussion to bed
Thu, 30 Jan 2014 17:31:00 GMT
MarketWatch – So if the Fed tapers a few billion dollars here and there on a $2.1 trillion ongoing annual pumping and subsidizing of the banks does that really make a difference? We're talking about subsidizing the …

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