Citigroup (C) Offering Possible 5.04% Return Over the Next 40 Calendar Days

Citigroup's most recent trend suggests a bearish bias. One trading opportunity on Citigroup is a Bear Call Spread using a strike $55.00 short call and a strike $60.00 long call offers a potential 5.04% return on risk over the next 40 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $55.00 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock rose above the $60.00 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 28.37 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

Citigroup quietly scales back in consumer banking
Tue, 13 Jan 2015 06:23:16 GMT
Reuters – Citigroup Inc has been quietly scaling back its consumer banking presence in some of the world's major cities, pulling out from markets where it does not have enough branches to be competitive. In 2014 …

Citigroup quietly scales back in consumer banking
Tue, 13 Jan 2015 06:03:19 GMT

Crude oil prices renew a slide that has yet to bottom
Mon, 12 Jan 2015 23:34:22 GMT

Cramer: Restaurants and biotech can't do it all
Mon, 12 Jan 2015 23:00:00 GMT

Stocks End Near Lows, But Alcoa Gains After Hours
Mon, 12 Jan 2015 22:06:00 GMT

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