Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $232.50 short call and a strike $237.50 long call offers a potential 25% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $232.50 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock rose above the $237.50 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 25.23 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
[$$] KKR and Goldman buy stakes in software platform OutSystems
Tue, 05 Jun 2018 05:00:25 +0000
Private equity group KKR and Goldman Sachs have acquired a “significant” minority stake in OutSystems, a platform that allows individuals to write software using very little coding, in a deal valuing the company at more than $1bn. Both KKR and Goldman have raised a combined $360m in an investment round to boost the expansion of the Lisbon and Boston-based business and help develop its research into software automation, said two people familiar with the deal. OutSystems is a growth-stage company which employs more than 700 people.
[$$] Debt equivalent of a controlled explosion helped Blackstone edge out rivals
Tue, 05 Jun 2018 04:15:24 +0000
Unless you work in the niche world of distressed debt trading, you’ve probably never heard of Akshay Shah. After a recent diplomatic spat on Wall Street between Goldman Sachs and Blackstone, you may have heard of the controversial CDS trade he pioneered: the manufactured default. By devising this and other trades, Shah helped turn Blackstone’s GSO credit unit into the apex predator in the $10tn CDS market.
Goldman's portfolio of hedge funds’ favorite stocks is trouncing the market
Mon, 04 Jun 2018 12:49:00 +0000
A stocks portfolio made up of hedge funds' favorite picks put together by Goldman Sachs is up twice as much as the broader market this year.
[$$] The mystery trader who roiled Wall Street
Mon, 04 Jun 2018 04:00:31 +0000
For hedge funds that make their money gambling on whether companies will go bust, it was an opportunity too tempting to ignore. In 2015, brokers working on behalf of a mystery client in London, offered these funds the chance to make a trade they thought was impossible to lose: betting that a teetering Norwegian paper company would imminently default on its debt. The hedge funds snapped up hundreds of millions of dollars of the derivatives contracts that would pay out in the event of a default.
Goldman Sachs taps two execs from troubled BofA unit
Fri, 01 Jun 2018 17:42:55 +0000
The New York-based bank hired Kristin Maule and Katie Alberti, who were once part of what's been called an "elite" unit but one that has been plagued by sexual harassment allegations.
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