Citigroup (C) Offering Possible 17.65% Return Over the Next 15 Calendar Days

Citigroup's most recent trend suggests a bullish bias. One trading opportunity on Citigroup is a Bull Put Spread using a strike $62.50 short put and a strike $57.50 long put offers a potential 17.65% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $62.50 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock dropped below the $57.50 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 above 80 which suggests that the stock is in overbought territory.

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

The Oil Shock That Never Was: How Shortage Warnings Missed the Mark
Wed, 30 Jan 2019 00:01:00 +0000
In reality, the market today is looking at several more years of plenty, so much so that OPEC is beginning its third year of production cuts just to prevent a surplus. “We’re in an age of abundance,” said Ed Morse, head of commodities research at Citigroup Inc. in New York. Oil’s biggest slump in a generation earlier this decade forced companies to slash spending, leading to a flurry of warnings that there wouldn’t be enough growth in oil supplies to meet rising demand and also offset production lost from aging fields.

CitiDirect BE® Ranked #1 Globally in Greenwich Associates Digital Banking Benchmarking Study
Tue, 29 Jan 2019 14:00:00 +0000
Citi Awarded Top Ranking for Thirteenth Consecutive Year

[$$] PG&E files for bankruptcy protection after wildfires
Tue, 29 Jan 2019 05:46:39 +0000
filed for bankruptcy protection on Tuesday morning after a series of wildfires left it in line for billions of dollars in damages but still facing a battle for control. it faces in connection with wildfires in northern California, including last year’s deadly Camp Fire, which killed at least 88 people. , a hedge fund that owns about 2 per cent of PG&E’s equity.

Citi sees stronger China wealthy client base in 2019 despite economy slowing
Mon, 28 Jan 2019 23:14:10 +0000
Citigroup expects its China wealth management client base to grow faster in 2019 than last year, at more than 30 percent, the bank's country chief said, despite the world's second-largest economy slowing and feeling the pain of a trade war. Citi's total number of wealth management clients in China, with at least 1 million yuan ($148,610.49) in investable assets, grew 21 percent last year, Christine Lam told Reuters in an interview. “The fact there's significant accumulation of wealth in China, that is not going to change,” said the Citi veteran who has worked at the bank for more than three decades and was named China chief executive in 2016.

Oil Dips Most in a Month as China Slowdown Signals Demand Drop
Mon, 28 Jan 2019 20:20:48 +0000
Futures dropped 3.2 percent in New York on Monday, joining a slide in equities after microchip-maker Nvidia Corp. and heavy-equipment giant Caterpillar Inc. warned of slowing growth in China and elsewhere. Oil has advanced 15 percent this year as the Organization of Petroleum Exporting Countries and allies curbed output to ease glut concerns. West Texas Intermediate crude for March delivery fell $1.70 to settle at $51.99 a barrel on the New York Mercantile Exchange for its biggest one-day loss since Dec. 27.

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