Citigroup (C) Offering Possible 15.21% Return Over the Next 17 Calendar Days

Citigroup's most recent trend suggests a bearish bias. One trading opportunity on Citigroup is a Bear Call Spread using a strike $52.00 short call and a strike $57.00 long call offers a potential 15.21% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $52.00 by expiration. The full premium credit of $0.66 would be kept by the premium seller. The risk of $4.34 would be incurred if the stock rose above the $57.00 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 40.63 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

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Wed, 01 Oct 2014 21:10:32 GMT

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Wed, 01 Oct 2014 20:58:59 GMT

KKR’s First Data Hires Former Citigroup Banker Gelb, Rosman
Wed, 01 Oct 2014 20:42:32 GMT

Citigroup Declares Preferred Dividends
Wed, 01 Oct 2014 20:15:00 GMT
Business Wire – The Preferred Stock Committee of the Board of Directors of Citigroup Inc. today declared dividends on Citigroup’s preferred stock as follows:

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