Citigroup (C) Offering Possible 7.99% Return Over the Next 9 Calendar Days

Citigroup's most recent trend suggests a bearish bias. One trading opportunity on Citigroup is a Bear Call Spread using a strike $48.50 short call and a strike $53.50 long call offers a potential 7.99% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $48.50 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock rose above the $53.50 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 35.85 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

Citi, Accenture Hire Hundreds for Buenos Aires Tech Hub
Fri, 08 Aug 2014 10:00:00 GMT

FOREX-Yen, Swiss franc benefit from Iraq concerns
Fri, 08 Aug 2014 08:44:01 GMT
Reuters – UK Focus – * Approval of U.S. air strikes dominates market mood LONDON, Aug 8 (Reuters) – Investors sought refuge in the traditional security of the yen and Swiss franc on Friday after U.S. President Barack Obama approved air strikes in Iraq, adding to tensions in the Middle East and Ukraine which have unnerved global financial markets. Obama said in an address that he authorised targeted strikes to protect the besieged Yazidi minority and U.S. personnel in Iraq, after the Iraqi government requested help. “President Obama's authorisation of selective air strikes on Iraq has dominated overnight market movements,” said Adam Cole, head of G10 currency strategy at RBC Capital Markets in London.

Dutch Rabobank Gets Argentine LIBOR Fraud Claim
Fri, 08 Aug 2014 08:22:00 GMT

Telecom Italia lines up banks on bid for Vivendi's GVT – sources
Thu, 07 Aug 2014 20:30:59 GMT

BofA-DOJ mortgage deal crystallizing
Thu, 07 Aug 2014 20:24:00 GMT

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