Citigroup (C) Offering Possible 13.12% Return Over the Next 6 Calendar Days

Citigroup's most recent trend suggests a bearish bias. One trading opportunity on Citigroup is a Bear Call Spread using a strike $71.00 short call and a strike $76.00 long call offers a potential 13.12% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $71.00 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock rose above the $76.00 long call 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 45.2 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

Morgan Stanley Plans to Launch Bitcoin Swap Trading
Thu, 13 Sep 2018 15:31:00 +0000
Citing a person familiar with the matter, Bloomberg reports that the leading American investment bank will facilitate deals in derivatives contracts that will allow traders and investors a synthetic exposure to the performance of Bitcoin, the most popular cryptocurrency. Morgan Stanley will benefit by charging a spread for each transaction.

Bitcoin Gains Traction as Morgan Stanley Prepares Bitcoin Swap Trading
Thu, 13 Sep 2018 15:04:00 +0000
Bitcoin rallied 3.44% to $6,479.00 on the Bitfinex exchange as of 8:04 AM ET (12:04 GMT).

JPMorgan Chase Outperformed Top Peers: More Upside Potential?
Thu, 13 Sep 2018 13:45:23 +0000
With a YTD (year-to-date) return of 5.7%, JPMorgan Chase (JPM) is currently the best-performing stock among the five largest US banks—based on market capitalization. JPMorgan Chase has also outperformed the Financial Select Sector SPDR Fund (XLF), which tracks an index of S&P 500 financial stocks. XLF has gained 0.6% YTD.

Citigroup (C) Announces Upbeat Expectations, Stock Up 1.6%
Thu, 13 Sep 2018 13:19:01 +0000
Citigroup (C) projects fixed income and equity trading revenues in Q3 to be flat to slightly higher compared with the prior-year quarter.

Weak Real Estate Lending Is Hurting Wells Fargo’s Credit Growth
Thu, 13 Sep 2018 11:32:09 +0000
Corporate lending and structured debt growth have fallen in recent quarters due to the Federal Reserve’s hawkish monetary policies and lower tax, weakening US banks’ credit growth. Wells Fargo & Company (WFC), which is already struggling with compliance- and fraud-related issues, has seen stable to negative credit growth.

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