Citigroup (C) Offering Possible 8.46% Return Over the Next 8 Calendar Days

Citigroup's most recent trend suggests a bearish bias. One trading opportunity on Citigroup is a Bear Call Spread using a strike $47.50 short call and a strike $52.50 long call offers a potential 8.46% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $47.50 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 rose above the $52.50 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 46.03 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

Q2 2014 Citigroup Inc. Earnings Release – Before Market Open
Mon, 14 Jul 2014 11:07:02 GMT

Citigroup settles subprime mortgage case for $7B
Mon, 14 Jul 2014 11:06:32 GMT

Citigroup settles subprime mortgage case for $7B
Mon, 14 Jul 2014 11:06:32 GMT

European markets rebound from ‘gruesome' week
Mon, 14 Jul 2014 11:05:24 GMT

Citi says to pay $7 bln to settle securities investigation
Mon, 14 Jul 2014 11:05:22 GMT
Reuters – Citigroup Inc said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis. Citigroup said on Monday it would pay a total of $4.5 billion in cash and provide $2.5 billion in consumer relief. The bank said it would take a related pre-tax charge of about $3.8 billion in the second quarter. The settlement figure was more that twice what many analysts expected earlier this year but less than the $12 billion the government had sought in negotiations with the bank.

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