Citigroup (C) Offering Possible 14.94% Return Over the Next 9 Calendar Days

Citigroup's most recent trend suggests a bearish bias. One trading opportunity on Citigroup is a Bear Call Spread using a strike $68.00 short call and a strike $73.00 long call offers a potential 14.94% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $68.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock rose above the $73.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Citigroup is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Citigroup is bearish.

The RSI indicator is at 25.78 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

[$$] Citi, ANZ, Deutsche bankers charged in Australia cartel case
Tue, 05 Jun 2018 09:27:55 +0000
in ANZ conducted almost three years ago. Australia’s corporate watchdog has laid criminal charges against ANZ Bank, Citigroup and Deutsche, as well as several senior executives, for conduct linked to the A$2.5bn ($1.9bn) deal.

[$$] ANZ, Citi, Deutsche Bank Accused of Engaging in Cartel Conduct
Tue, 05 Jun 2018 09:23:30 +0000
MELBOURNE, Australia—Australia’s antitrust regulator has taken the unusual step of criminally charging one of the country’s biggest banks and two underwriters of a 2015 fundraising round for the bank. ANZ and each of the individuals named are alleged to have been knowingly involved in some or all of the conduct, according to the Australian Competition and Consumer Commission, which has been investigating the matter for more than two years.

Australia charges former local heads of Citi, Deutsche, ANZ in cartel case
Tue, 05 Jun 2018 09:01:19 +0000
Australian authorities have charged the former local bosses of Citigroup Inc (C.N) and Deutsche Bank AG (DBKGn.DE) with “criminal cartel offences” over a $2.3 billion stock issue, one of the country's biggest cases of alleged white-collar crime. The tally of names disclosed on Tuesday showed the ambition of newly empowered antitrust regulator, the Australian Competition and Consumer Commission (ACCC), which revealed on Friday it planned to seek charges against the investment banks over a 2015 share-raising for Australia and New Zealand Banking Group Ltd (ANZ) (ANZ.AX), plus ANZ itself.

Citi, Deutsche Bank, ANZ served with criminal cartel charges in Australia: competition regulator
Tue, 05 Jun 2018 07:44:47 +0000
Criminal charges have also been laid against several senior executives, including ANZ Treasurer Rick Moscati and Citigroup's John McLean and Itay Tuchman. Former executives, including Citigroup's Stephen Roberts and Deutsche Bank's Michael Ormaechea and Michael Richardson, were also charged, the Australian Consumer and Competition Commission (ACCC) said in a statement.

SocGen to pay $1.3 billion to settle Libya, Libor probes
Mon, 04 Jun 2018 22:27:17 +0000
PARIS/NEW YORK (Reuters) – French bank Societe Generale (SOGN.PA) will pay $1.3 billion to resolve criminal and civil charges in the United States and France for bribing Gaddafi-era Libyan officials and manipulating the Libor interest rate benchmark, U.S. authorities said on Monday. The Paris-based bank is due to plead guilty in U.S. District Court in Brooklyn, New York, to resolve the foreign bribery case, the Justice Department said in a statement. Earlier on Monday, SocGen said it had agreed to pay 250 million euros ($293 million) to the French treasury as part of the overall U.S.-France settlement.

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