Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $177.50 short put and a strike $172.50 long put offers a potential 17.65% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $177.50 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 $172.50 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.
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LATEST NEWS for Goldman Sachs
Uber’s ’Small Change’ Ban Reply May Anger German Judges
Fri, 05 Sep 2014 10:42:32 GMT
Nomura, Goldman Among Firms Making Cut for Japan Post IPO
Fri, 05 Sep 2014 07:09:35 GMT
Paulson Starts Climate-Change Program to Fund Research
Fri, 05 Sep 2014 01:00:00 GMT
Bloomberg – Former Treasury Secretary Henry Paulson is starting a climate-change program through his Chicago-based think tank to fund research and advocate for more aggressive environmental action. The Paulson Institute’s initiative will begin this month in Beijing and bring together Chinese and international specialists to share strategies on reducing the country’s air pollution and identify ways to measure compliance with government targets, the group said in a statement today. “It’s very, very important that we get traction on this,” Paulson said in an interview. Ellen Carberry, founder and managing director of the Beijing-based China Greentech Initiative, will direct the program, seeking “practical and pragmatic solutions to the problems of air pollution and climate change .”
U.S. lawyers leading aluminum antitrust lawsuit will replead case
Thu, 04 Sep 2014 21:46:38 GMT
Reuters – UK Focus – Battling one of the most complex legal actions of his 30-plus-year career, one of three co-lead counsels Christopher Lovell said on Thursday they plan to replead their case by the Sept. 19 deadline set by U.S. One of the companies, Superior Extrusion, filed the first case in August last year, triggering over two dozen other companies to follow suit in what has become the highest profile legal action to rock the base metals market in two decades. In an 85-page ruling last Friday that struck a big blow to their case, Judge Forrest said the plaintiffs did not show sufficient evidence that the banks and merchants intended to manipulate prices. “This is much more complex than other antitrust cases,” said Lovell, partner at New York law firm Lovell Stewart Halebian Jacobson who has fought more than a dozen antitrust and price-fixing commodity cases in a 30-plus-year career.
[$$] Goldman Sachs Named ‘Stabilization Agent' for Alibaba Stock Offering
Thu, 04 Sep 2014 18:54:44 GMT
The Wall Street Journal – Goldman Sachs landed a coveted role in Alibaba Group's upcoming initial public offering as the bank in charge of overseeing the deal's early share trading.
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