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.
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
Asian shares edge higher ahead of Yellen testimony
Tue, 11 Jul 2017 04:06:56 +0000
TOKYO (AP) — Shares edged higher in Asia on Tuesday following a listless day of trading on Wall Street. Investors are awaiting Federal Reserve chair Janet Yellen’s testimony to Congress.
[$$] A decade later investors are once more dancing furiously
Tue, 11 Jul 2017 03:00:18 +0000
It is 10 years, almost to the day, that Chuck Prince, then chief executive of Citigroup, told the Financial Times: “When the music stops, in terms of liquidity, things will be complicated. But as …
Obama Era Regulations at Risk From Trump’s Bank Supervisor Pick
Tue, 11 Jul 2017 02:26:00 +0000
The White House choice of Randal Quarles as the Federal Reserve top bank supervisor is expect to lead the way to the deregulation of many Obama Administration bank regulations
Citigroup Hires Barclays’s Rolfe for Japan Hedge Fund Business
Tue, 11 Jul 2017 00:29:39 +0000
Citigroup Inc. hired Roland Rolfe from Barclays Plc in a bid to strengthen its brokerage business for global hedge funds in Japan.
Bill Nygren’s Oakmark Fund Second Quarter 2017 Commentary
Mon, 10 Jul 2017 20:29:04 +0000
Letter from the guru
Follow Us on Facebook