Citigroup (C) Offering Possible 26.26% Return Over the Next 20 Calendar Days

Citigroup's most recent trend suggests a bearish bias. One trading opportunity on Citigroup is a Bear Call Spread using a strike $61.00 short call and a strike $66.00 long call offers a potential 26.26% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $61.00 by expiration. The full premium credit of $1.04 would be kept by the premium seller. The risk of $3.96 would be incurred if the stock rose above the $66.00 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 31.72 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

Chesapeake Utilities Corporation Named Winner of Inaugural 2021 Top Workplaces USA Award
Thu, 28 Jan 2021 20:00:00 +0000
Chesapeake Utilities Corporation (NYSE: CPK) (Chesapeake Utilities) today announced it has earned the inaugural 2021 Top Workplaces USA award for mid-size companies. In the Top Workplace program's 14-year history, more than 20 million employees across 54 markets have been surveyed for the regional Top Workplaces awards. In August 2020, Chesapeake Utilities was recognized as a Top Workplace in Delaware for the ninth consecutive year, and in November 2020, Florida Public Utilities Company (FPUC), a wholly-owned subsidiary of Chesapeake Utilities, was recognized as a Top Workplace in Central Florida.

Citi hires Black-owned firms for $2.5 bln bond distribution
Thu, 28 Jan 2021 16:09:03 +0000
Citigroup Inc has hired four Black-owned firms to distribute a $2.5 billion bond issuance to investors, as part of its work to promote racial equity in the capital markets and broader financial services industry, the bank said on Thursday. The firms included Blaylock Van, CastleOak Securities, Global Oak Capital Markets and Loop Capital Markets, Citi said in a statement.

Citi Hires Black-Owned Firms Exclusively to Distribute $2.5 Billion Bond Issuance in Commemoration of Dr. Martin Luther King Jr. Day
Thu, 28 Jan 2021 14:00:00 +0000
Citi today announced that it worked exclusively with four Black-owned firms to syndicate a $2.5 billion bond issuance, reinforcing the firm’s commitment to increasing racial equity in the capital markets and broader financial services industry.

Mayors Largely Support Black Lives Matter Protests, Recognize Racial Disparities in Treatment by Police, But Are Not Embracing Dramatic Change to Policing, According to New Survey
Wed, 27 Jan 2021 11:00:00 +0000
In spite of months of protests in reaction to George Floyd’s murder and other instances of police violence, roughly four in ten of America’s mayors do not believe police violence is an issue in their cities, according to this year’s Menino Survey of Mayors, the only national representative survey of America’s mayors conducted annually by Boston University’s Initiative on Cities.

Introducing Chesapeake Utilities (NYSE:CPK), A Stock That Climbed 59% In The Last Five Years
Wed, 27 Jan 2021 05:54:47 +0000
If you buy and hold a stock for many years, you'd hope to be making a profit. Furthermore, you'd generally like to see…

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