Goldman Sachs Offering Possible 12.11% 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 $165.00 short call and a strike $175.00 long call offers a potential 12.11% 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 $165.00 by expiration. The full premium credit of $1.08 would be kept by the premium seller. The risk of $8.92 would be incurred if the stock rose above the $175.00 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 50.96 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

Bank of America Is Ready to Show Customers Some Love
Sat, 19 Oct 2013 05:04:15 GMT
Motley Fool – Today's top stories for banking and financial sector investors. Morgan Stanley reports earnings and Bank of America considers dumping a fee.

[$$] Could Goldman Sachs Be Activists' Bait?
Sat, 19 Oct 2013 04:01:00 GMT
Barrons.com – Review | Preview Shares of Morgan Stanley reached a new 52-week high Friday as investors cheered the firm's earnings report and ongoing transformation, while Goldman Sachs Group fell on the week after …

[$$] For Morgan's Gorman, No Need to Play the Hare
Sat, 19 Oct 2013 03:52:17 GMT
The Wall Street Journal – Morgan Stanley couldn't escape the hit to fixed-income trading seen at other banks, but its equities business made up for it.

[$$] Gorman's Strategy Pays Off for Morgan Stanley
Sat, 19 Oct 2013 03:50:26 GMT
The Wall Street Journal – Morgan Stanley swung to a third-quarter profit, solidly beating analyst estimates, as strong results in the company's wealth management business helped offset a slump in fixed-income trading revenue.

T-Mobile on ‘conviction list'
Fri, 18 Oct 2013 22:52:00 GMT
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