Citigroup (C) Offering Possible 5.26% Return Over the Next 29 Calendar Days

Citigroup's most recent trend suggests a bullish bias. One trading opportunity on Citigroup is a Bull Put Spread using a strike $48.00 short put and a strike $43.00 long put offers a potential 5.26% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $48.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $43.00 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 68.73 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

The Dow's Worst Loss in Months, Record Highs, Big Mergers, and the Week in Review
Sun, 20 Jul 2014 09:14:26 GMT

China fund groups ‘close' to UK launch
Sun, 20 Jul 2014 02:59:03 GMT
Financial Times – Three of China's biggest asset management companies have toured Europe with a view to establishing subsidiaries in the UK and bringing China-focused funds to European investors. E Fund Management, Haitong …

The 2014 customer service Hall of Fame
Sat, 19 Jul 2014 10:45:00 GMT

Citi has $280 mln in loans in China ports at center of metals probe
Fri, 18 Jul 2014 20:15:37 GMT
Reuters – UK Focus – Citigroup Inc (NYSE: C – news) has about $280 million in loans tied to commodities in two Chinese ports which are at the center of a probe into possible fraud, a senior executive said on Friday, becoming the first U.S. bank to disclose its potential exposure. “At this stage we believe the activities are isolated and just specific to those very specific locations,” Chief Financial Officer John Gerspach said in a conference call with analysts. Citi is the latest bank to disclose the size of its financing business in Qingdao, China's seventh largest port, and nearby Penglai where authorities have been investigating suspected metals financing fraud since May.

MOVES- ICE, Comerica Bank, Citi, UBS Global, Credit Suisse, KKR
Fri, 18 Jul 2014 20:09:32 GMT

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