Citigroup Offering Possible 7.07% Return Over the Next 29 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 7.07% return on risk over the next 29 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 $0.33 would be kept by the premium seller. The risk of $4.67 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 66.97 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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Fri, 18 Oct 2013 22:03:44 GMT

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Fri, 18 Oct 2013 22:03:44 GMT
AP – A look at New York Stock Exchange 10 most-active stocks at the close of trading: AT&T Inc. rose .5 percent to $34.61 with 29,958,300 shares traded. Advanced Micro Devices Inc. fell 13.7 percent to $3.53 …

Morgan Stanley Tops On Wealth Management, Stock Trade
Fri, 18 Oct 2013 15:47:00 GMT
Investor's Business Daily – Morgan Stanley Tops On Wealth Management, Stock Trade

American Express Surges While IBM Goes to the Earnings Woodshed
Fri, 18 Oct 2013 15:03:00 GMT
TheStreet – NEW YORK ( TheStreet ) — On Monday and Tuesday, I provided my buy-and-trade profiles for 19 companies in two posts. On Tuesday, I wrote, Intel, Yahoo and Citigroup Headline Tuesday's Earnings , which …

Morgan Stanley: Make Money by Managing Money
Fri, 18 Oct 2013 14:22:10 GMT
Wall St. Cheat Sheet – Morgan Stanley closed Thursday up about 1 percent at $28.93 per share, and continued to climb higher in morning trading on Friday.

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