Citigroup Offering Possible 14.68% Return Over the Next 37 Calendar Days

Citigroup's most recent trend suggests a bullish bias. One trading opportunity on Citigroup is a Bull Put Spread using a strike $49.00 short put and a strike $44.00 long put offers a potential 14.68% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $49.00 by expiration. The full premium credit of $0.64 would be kept by the premium seller. The risk of $4.36 would be incurred if the stock dropped below the $44.00 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 51.32 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

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Thu, 14 Nov 2013 23:10:00 GMT
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Thu, 14 Nov 2013 23:02:00 GMT
CNNMoney.com – No Article Body

Moody's concludes review of eight large US banks
Thu, 14 Nov 2013 22:37:49 GMT
theflyonthewall.com – Moody's Investors Service has concluded its review of eight large US banking groups. The credit ratings of these banking groups each benefit from the agency's assumption of government support. Today's …

Sotheby's, BofA, J.C. Penney attract hedge fund buyers
Thu, 14 Nov 2013 22:22:09 GMT
Reuters – Top U.S. hedge fund managers in the third quarter bought and sold shares of such hotly debated companies as Herbalife Ltd , J.C. Penney Co and Sotheby's . Ellington Management Group LLC, a $5.5 billion …

Leon Cooperman's Q3 moves
Thu, 14 Nov 2013 21:01:00 GMT
CNBC – CNBC's Dominic Chu reports what hedge fund titan Leon Cooperman is buying and selling including new positions in Comcast and no positions in Apple.

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