Citigroup (C) Offering Possible 8.46% Return Over the Next 19 Calendar Days

Citigroup's most recent trend suggests a bullish bias. One trading opportunity on Citigroup is a Bull Put Spread using a strike $52.50 short put and a strike $47.50 long put offers a potential 8.46% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $52.50 by expiration. The full premium credit of $0.39 would be kept by the premium seller. The risk of $4.61 would be incurred if the stock dropped below the $47.50 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 63.77 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

Banks to launch new tool to fight hackers: WSJ
Tue, 04 Nov 2014 09:11:12 GMT

Ireland begins marketing 15-year euro bond at MS+105bp-110bp
Tue, 04 Nov 2014 08:44:04 GMT
Reuters – UK Focus – By Michael Turner LONDON, Nov 4 – The Republic of Ireland has opened books on a benchmark-sized euro-denominated May 2030 bond at 105bp-110bp over mid swaps, according to a lead. The Reg S bond is expected …

Insight – Citi's Linville slowly turns around bank's card business
Tue, 04 Nov 2014 06:05:17 GMT

Citi's Linville slowly turns around bank's card business
Tue, 04 Nov 2014 06:03:52 GMT

-Citi's Linville slowly turns around bank's card business
Tue, 04 Nov 2014 06:00:00 GMT
Reuters – When Jud Linville joined Citigroup in 2010 to head its main credit card business, he discovered a card called “Simplicity” that was anything but. The array of cards was dizzying, and marketing so many possibilities was expensive for Citigroup. Linville, 58, has spent four years simplifying products like Simplicity as part of an effort to turn around the bank's credit card business, which in the late 90s was second biggest in the U.S. He is showing signs of stabilizing the business: annual spending on Citi-branded cards in the United States has climbed nearly 7 percent since Linville took over.

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