Citigroup Offering Possible 14.11% Return Over the Next 25 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 $47.00 long put offers a potential 14.11% return on risk over the next 25 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 $0.68 would be kept by the premium seller. The risk of $4.82 would be incurred if the stock dropped below the $47.00 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 78.92 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

Mortgage-related cases may cost US banks up to $105 bln more:S&P
Wed, 27 Nov 2013 04:30:43 GMT
Reuters – Eight of the top U.S. banks, including JPMorgan Chase & CO and Bank of America Corp, may have an additional exposure of between $56.5 billion and $104 billion in potential mortgage-related payouts, the S&P report said. “Notably, mortgage-related litigation has recently gotten a second wind and has expanded beyond investor claims,” S&P credit analysts led by Stuart Plesser wrote in the report. The government has been seeking to hold firms liable under the Financial Institutions, Reform, Recovery and Enforcement Act of 1989 (FIRREA), which it uses to recover civil penalties for losses to federally insured financial institutions. It agreed to pay $4.5 billion earlier this month to settle claims by investors who lost money on mortgage-backed securities.

Exclusive: Danaher, Blackstone in joint bid for Ashland water unit – sources
Tue, 26 Nov 2013 23:57:39 GMT

A Holiday Smorgasbord of Stock Stories
Tue, 26 Nov 2013 23:34:00 GMT
Barrons.com – Heading into the Thanksgiving weekend, I thought I'd put the focus on a few articles that delve into the stocks of three companies in very different industries: megabank Citigroup (C), chipmaker Qualcomm (QCOM ), and energy producer EOG Resources (EOG). While JPMorgan Chase (JPM) is the megabank that's been garnering most of the press lately – most of it unwanted — Citigroup is quieting shedding past failures and reminding investors of its performance in the 1990s. The shares have returned 35% this year, following a 51% return during 2012, handily outperforming the KBW Bank Index (BKX) An article by the Street ‘s Philip van Doorn argues that Citigroup “has become a very strong bank” again. Unlike Citigroup, Qualcomm, the chipmaker that was once a tech darling of the 1990s, has unperformed the tech benchmarks over the past year, though it had performed better on a relative basis in recent months.

ADIA Arbitration Resurfaces for Citigroup
Tue, 26 Nov 2013 22:45:03 GMT
Zacks – Recently, a U.S. judge rejected the banking giant's bid to obstruct the Abu Dhabi Investment Authority from seeking a second arbitration related to the wealth fund's investment in Citigroup.

Citigroup Announces Reference Yields and Total Consideration for Note Tender Offers
Tue, 26 Nov 2013 21:30:00 GMT
Business Wire – Citigroup Inc. announced today the applicable Reference Yield and Total Consideration for the previously announced cash tender offers (each, an “Offer” and, collectiv

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