Citigroup Offering Possible 9.03% Return Over the Next 18 Calendar Days

Citigroup's most recent trend suggests a bearish bias. One trading opportunity on Citigroup is a Bear Call Spread using a strike $48.00 short call and a strike $55.00 long call offers a potential 9.03% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $48.00 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $6.42 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 below 20 which suggests that the stock is in oversold territory.

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

Professor withdraws $1 million from Bank of America
Tue, 04 Feb 2014 22:34:00 GMT
CNBC – Terence Burnham, Chapman University finance professor, discusses risks in banking. “The Fed's instability is linked to both the emerging markets, and Bank of America's balance sheet,” he says….

Microsoft an attractive stock: Pro
Tue, 04 Feb 2014 21:16:00 GMT
CNBC – Charles Bobrinskoy, Ariel Investments, and Harry Hartford, Causeway Capital, discuss stocks they feel are now cheap enough to buy in this down market.

BofA Bulks Up Small-Business Unit As Mortgages Shrink
Tue, 04 Feb 2014 18:21:00 GMT
Investor's Business Daily – BofA Bulks Up Small-Business Unit As Mortgages Shrink

Why banking and work-life balance don't mix
Tue, 04 Feb 2014 15:21:00 GMT
Fortune – By Sanjay Sanghoee Citigroup, the nation's third-largest bank, is giving its junior bankers a break from Wall Street's infamously rigorous work hours. In a memo last week, the bank told its underlings …

Veteran Banker to Lead Citigroup’s British Business
Tue, 04 Feb 2014 12:42:27 GMT
New York Times – James Bardrick, Citigroup’s co-chief of corporate and investment banking for Europe, the Middle East and Africa, will succeed Maurice Thompson, who is leaving the bank.

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