Citigroup (C) Offering Possible 14.68% Return Over the Next 9 Calendar Days

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Citigroup’s most recent trend suggests a bullish bias. One trading opportunity on Citigroup is a Bull Put Spread using a strike $67.00 short put and a strike $62.00 long put offers a potential 14.68% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $67.00 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 $62.00 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 70.66 level which suggests that the stock is neither overbought nor oversold at this time.

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Tue, 11 Jul 2017 00:29:39 +0000
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Letter from the guru

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