Goldman Sachs (GS) Offering Possible 17.23% Return Over the Next 28 Calendar Days

Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $225.00 short call and a strike $235.00 long call offers a potential 17.23% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $225.00 by expiration. The full premium credit of $1.47 would be kept by the premium seller. The risk of $8.53 would be incurred if the stock rose above the $235.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Goldman Sachs 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 Goldman Sachs is bearish.

The RSI indicator is at 29.15 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 Goldman Sachs

US Market Indexes Gain With Positive Corporate Earnings
Thu, 20 Apr 2017 21:33:19 +0000
Dow Jones closes at 20578.71

Dow ends about 170 points higher after Mnuchin's tax hint; Nasdaq notches record close
Thu, 20 Apr 2017 20:20:55 +0000
Stocks rose as more companies released quarterly results while Treasury Secretary Steven Mnuchin said the administration was close to “major tax reform.”

Dow, S&P 500, Nasdaq ETFs Catch Up With Small Caps, Foreign Markets
Thu, 20 Apr 2017 17:23:42 +0000
JMorgan's stock is trading below its 50-day line but getting some support around 85.

A hotshot trader just quit Goldman Sachs to join its arch rival
Thu, 20 Apr 2017 15:48:34 +0000
A young hotshot trader just quit Goldman Sachs for its arch rival. Kerri Saperstein, who…

Goldman Sachs is ‘Oversold’ Says Atlantic Equities
Thu, 20 Apr 2017 15:47:16 +0000
Apr.20 — Christopher Wheeler, of Atlantic Equities, discusses earnings from Goldman Sachs. He speaks with Bloomberg's David Westin on "Bloomberg Daybreak: Americas."

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