Goldman Sachs (GS) Offering Possible 32.63% Return Over the Next 10 Calendar Days

Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $222.50 short put and a strike $217.50 long put offers a potential 32.63% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $222.50 by expiration. The full premium credit of $1.23 would be kept by the premium seller. The risk of $3.77 would be incurred if the stock dropped below the $217.50 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 at 55.39 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

Billionaire Larry Robbins Says Never Been A Down Year For Stocks When One Of These Conditions Is Met
Mon, 10 Jul 2017 01:10:00 +0000
Every time ONE of these (following) conditions has existed, the market has produced positive returns.

Goldman Sachs is 2017's worst-selling fund manager with $27 billion in outflows: FT
Sun, 09 Jul 2017 18:04:41 +0000
Investors have pulled an estimated $26.7 billion from Goldman Sachs Asset Management’s mutual funds so far in 2017, according to Morningstar data, the Financial Times reported Sunday, making Goldman the …

[$$] Big US banks' profit forecasts take a fall
Sun, 09 Jul 2017 14:52:20 +0000
Profit forecasts for several of the biggest US banks including Citigroup, Goldman Sachs and Morgan Stanley have taken a fall as concerns mount that a dearth of dealing in markets is leaving trading desks …

[$$] Goldman Sachs is the worst-selling fund manager in 2017
Sun, 09 Jul 2017 09:00:49 +0000
Goldman Sachs Asset Management is the worst-selling fund manager globally this year, intensifying pressure on the investment house that is already grappling with falling revenues and profits. Investors …

Dow jumps 94 points to close out winning week after much better-than-expected jobs report
Fri, 07 Jul 2017 20:12:56 +0000
U.S. stocks closed higher on Friday on the back of stronger-than-expected employment data.

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