Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $167.50 short call and a strike $172.50 long call offers a potential 26.26% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $167.50 by expiration. The full premium credit of $1.04 would be kept by the premium seller. The risk of $3.96 would be incurred if the stock rose above the $172.50 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 56.23 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
Goldman targets “mass affluent” borrowers
Wed, 04 May 2016 00:01:18 GMT
AAP – Goldman Sachs Group Inc, the banking gold standard for the world's elite, sees a future in less prosperous investors. A creative strategy taking shape inside the bank calls for it to partner with small brokerages and wealth management firms to lend money to their clients, many of whom have far less wealth than what's in the typical Goldman private bank account. The idea is for Goldman to reach a big set of borrowers, in the US and possibly abroad, without having to acquire them through a merger or build relationships one by one, people familiar with the initiative said.
Top Trades: Twitter & Goldman
Tue, 03 May 2016 21:15:00 GMT
MOVES- Goldman Sachs, Aviva Investors, Marsh
Tue, 03 May 2016 19:55:22 GMT
Goldman's Solomon on M&A Market, Clients, and Hiring
Tue, 03 May 2016 17:21:59 GMT
Goldman's Solomon: ‘We Are Still Hiring People'
Tue, 03 May 2016 17:03:17 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook