Goldman Sachs (GS) Offering Possible 42.86% Return Over the Next 29 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 $410.00 short call and a strike $420.00 long call offers a potential 42.86% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $410.00 by expiration. The full premium credit of $3.00 would be kept by the premium seller. The risk of $7.00 would be incurred if the stock rose above the $420.00 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 42.2 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 Sachs CEO says Hong Kong, China travel curbs to impact talent
Wed, 17 Nov 2021 10:31:45 +0000
Goldman Sachs CEO David Solomon said on Wednesday that he does not expect Hong Kong and China to ease their tight travel restrictions anytime soon and this posed a challenge for staff. “I think there are some challenges, China, Hong Kong have a certain approach right now to COVID and therefore they are relatively closed,” Solomon said at the Bloomberg New Economy Forum in Singapore. “I haven't been to Hong Kong or China and don't expect that I'll be able to go for quite some time.”

GrubMarket Is Interviewing Banks for 2022 IPO
Tue, 16 Nov 2021 19:25:47 +0000
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Tesla's Dizzying Swings Give Institutional Investors a Headache
Tue, 16 Nov 2021 17:57:14 +0000
(Bloomberg) — Big investors love many things about Tesla Inc. Volatility isn’t one of them.Most Read from BloombergStartup Fever Is Gripping the World’s Last Big Untapped NationWhat Designers of Video Game Cities Understand About Real CitiesBiden Plan Funds New Bridges That Locals May Not WantChronically Underfunded HBCUs Eye Scholarships in Biden BillDespite a trillion-dollar valuation, pole position in the electric-vehicle business and entry to the S&P 500, the world’s sixth-largest listed co

Analysis-Banks that helped GE, others bulk up now profit from break-ups
Tue, 16 Nov 2021 11:06:34 +0000
Some of the Wall Street banks that helped General Electric Co, Toshiba Corp and Johnson & Johnson become massive conglomerates through acquisitions over the years are now profiting from their break-ups, a Reuters analysis showed. The three companies, which in recent days announced plans to spin off divisions, doled out hundreds of millions of dollars in fees to banks, including Goldman Sachs Group Inc, JPMorgan Chase & Co and UBS Group AG, to advise them on acquisitions over the years.

BT Presses Fiber Advantage as Supply Crunches Trouble Rivals
Tue, 16 Nov 2021 05:00:00 +0000
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