Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $175.00 short put and a strike $170.00 long put offers a potential 21.65% 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 $175.00 by expiration. The full premium credit of $0.89 would be kept by the premium seller. The risk of $4.11 would be incurred if the stock dropped below the $170.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Goldman Sachs 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 Goldman Sachs 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 Goldman Sachs
IPO Stock Watch: Mobileye Gets Lift On New Coverage
Tue, 26 Aug 2014 21:18:00 GMT
The Top Ten Stocks for Aug. 26
Tue, 26 Aug 2014 20:32:12 GMT
Turning Goldman Sachs into Gold in Sacks
Tue, 26 Aug 2014 18:29:24 GMT
London Metal Exchange dismissed from U.S. price-fixing lawsuits
Tue, 26 Aug 2014 18:19:42 GMT
Reuters – UK Focus – A judge has dismissed London Metal Exchange Ltd as a defendant from U.S. District Judge Katherine Forrest in Manhattan concluded that the LME was an “organ” of the UK government, and therefore immune from the lawsuit under the Foreign Sovereign Immunities Act. Forrest acknowledged that her decision may at first glance seem “somewhat surprising and counterintuitive,” noting that the LME is a privately-held, for-profit company subject to extensive regulation. Established in 1877, the LME was bought in December 2012 by Hong Kong Exchanges and Clearing Ltd. The LME said more than 80 percent of non-ferrous metals futures business is transacted on its platforms, totaling $14.6 trillion in 2013.
London Metal Exchange dismissed from U.S. price-fixing lawsuits
Tue, 26 Aug 2014 18:19:42 GMT
Reuters – A judge has dismissed London Metal Exchange Ltd as a defendant from U.S. District Judge Katherine Forrest in Manhattan concluded that the LME was an “organ” of the UK government, and therefore immune from the lawsuit under the Foreign Sovereign Immunities Act. Forrest acknowledged that her decision may at first glance seem “somewhat surprising and counterintuitive,” noting that the LME is a privately-held, for-profit company subject to extensive regulation. Established in 1877, the LME was bought in December 2012 by Hong Kong Exchanges and Clearing Ltd. The LME said more than 80 percent of non-ferrous metals futures business is transacted on its platforms, totaling $14.6 trillion in 2013.
Related Posts
Also on Market Tamer…
Follow Us on Facebook