Citigroup's most recent trend suggests a bullish bias. One trading opportunity on Citigroup is a Bull Put Spread using a strike $49.00 short put and a strike $44.00 long put offers a potential 6.38% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $49.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $44.00 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 66.41 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Citigroup
British regulator, banks near forex-rigging settlement – Bloomberg
Wed, 23 Jul 2014 18:55:40 GMT
British regulator, banks near forex-rigging settlement-Bloomberg
Wed, 23 Jul 2014 18:51:29 GMT
Reuters – UK Focus – Britain's markets regulator and a group of global banks are in talks to reach a first settlement in a currency-rigging probe, with a deal possible this year, Bloomberg reported. Meanwhile, Britain's Serious Fraud Office told Reuters on Wednesday that prosecutors could charge the first individuals in connection with a global investigation into alleged manipulation of currency markets as soon as next year. Bloomberg reported the Financial Conduct Authority (FCA) was in talks with banks, including Barclays Plc (LSE: BARC.L – news) , Citigroup Inc, JPMorgan Chase & Co (Xetra: 850628 – news) and UBS AG (NYSEArca: FBGX – news) , citing sources who asked not to be identified. The FCA declined to comment on the Bloomberg story.
MEDIA-UK FCA said to near forex-rigging settlement with banks – Bloomberg
Wed, 23 Jul 2014 18:00:41 GMT
Why Citigroup (C) Stock Remains A ‘Buy' At TheStreet
Wed, 23 Jul 2014 14:47:00 GMT
Turkey Said to Hire Citi to Advise on Halkbank Unit Sales
Wed, 23 Jul 2014 14:19:27 GMT
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