Citigroup (C) Offering Possible 17.37% Return Over the Next 26 Calendar Days

Citigroup's most recent trend suggests a bullish bias. One trading opportunity on Citigroup is a Bull Put Spread using a strike $49.00 short put and a strike $44.00 long put offers a potential 17.37% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $49.00 by expiration. The full premium credit of $0.74 would be kept by the premium seller. The risk of $4.26 would be incurred if the stock dropped below the $44.00 long put strike price.

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

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

The RSI indicator is at 58.45 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

SEC probes banks and companies in loan securities dealings – WSJ
Tue, 25 Mar 2014 02:01:05 GMT

Mexico detains oil executive for possible fraud
Tue, 25 Mar 2014 01:26:34 GMT

Mexico detains oil executive for possible fraud
Tue, 25 Mar 2014 01:26:34 GMT

Oceanografía's Mexican CEO Turns Himself In For Questioning On Alleged Massive Fraud Against Citigroup
Mon, 24 Mar 2014 23:22:00 GMT

Citigroup Names Bibbey for Spot-Foreign Exchange Trading
Mon, 24 Mar 2014 18:17:22 GMT

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