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 14.16% return on risk over the next 25 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 $0.62 would be kept by the premium seller. The risk of $4.38 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 56.4 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
Exclusives: Market operators hinder CFTC as it seeks to monitor swaps – sources
Tue, 25 Mar 2014 22:09:56 GMT
Reuters – Market operators' failure to cooperate to provide the Commodity Futures Trading Commission with adequate data is preventing the regulator from effectively monitoring the global swaps market, according to sources familiar with the matter. They said it means the CFTC, which is the derivatives market regulator, has yet to meet a major goal it was set after the credit crisis: to get on top of what is happening in the opaque $690 trillion market so that it can be confident of preventing another blowup. Four people involved in talks between the CFTC and the industry say that bickering between participants is the reason that the agency still does not get the quality of data it needs, something it has been complaining about ever since buyers and sellers were required to report trades more than a year ago. The CFTC intends to use the data to get a grasp on which banks and funds may be taking on too much risk through swaps, used to hedge and speculate on most financial markets.
1 Thing Investors Must Know About Citigroup
Tue, 25 Mar 2014 19:55:56 GMT
Citi Names Heather Cox as Chief Client Experience, Digital and Marketing Officer for Global Consumer Banking
Tue, 25 Mar 2014 18:30:00 GMT
Business Wire – Citi announced today that Heather Cox has been named Chief Client Experience, Digital and Marketing Officer for Global Consumer Banking. In this position, Cox will be responsible for developing and implementing the vision, strategy and execution of a common client experience, driving global customer satisfaction efforts and leading Digital, Marketing and Decision Management across Global Consumer Banking….
1 Reason for Bank of America Corp. and Citigroup Inc. to be Afraid. Very Afraid.
Tue, 25 Mar 2014 15:33:56 GMT
Scotland's goose that lays golden eggs has gone on strike, Mr Salmond
Tue, 25 Mar 2014 13:14:22 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook