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 7.99% return on risk over the next 11 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 $0.74 would be kept by the premium seller. The risk of $9.26 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 below 20 which suggests that the stock is in oversold territory.
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
[$$] Twitter Investors' Random, Murky Walk
Wed, 06 Nov 2013 00:46:37 GMT
The Wall Street Journal – An information gap among analysts' views on Twitter underscores the murkiness facing investors heading into the social-media firm's IPO.
U.S. regulator revives plan to limit excessive commodity bets
Tue, 05 Nov 2013 23:43:43 GMT
Reuters – The U.S. derivatives regulator on Tuesday reintroduced a plan to curb commodity market speculation, reviving a crucial Wall Street reform after a judge knocked down an earlier version of its rules on position limits. The Commodity Futures Trading Commission proposal will set caps on the number of contracts that a single trader can hold in energy, metal and agricultural markets, a measure aimed at capping speculation that some blamed for the spike in raw material and food prices prior to the 2008 financial crisis. The new rules will also make it easier for big banks such as Goldman Sachs Group Inc and Barclays PLC to remain in the market by allowing them to exclude positions held by entities in which the banks own minority stakes – a key trigger for the banks to sue the agency. They may now ignore positions held by affiliates in which they own up to 50 percent of the shares but do not control – far above the 10 percent in an earlier rule – or in affiliates in which they own more than 50 percent but which are not consolidated.
MF Global commodity trader customers to get all their money back
Tue, 05 Nov 2013 23:41:14 GMT
Reuters – The trustee of MF Global's defunct brokerage received approval from a bankruptcy judge on Tuesday for a plan that will repay its former commodity trader customers in full. The move, approved by Judge Martin Glenn at a hearing in U.S. Bankruptcy Court in Manhattan, will repay customers by reallocating to them some funds initially earmarked for non-customer unsecured creditors, Kent Jarrell, the trustee's spokesman, said on Tuesday. The ruling comes just after the two-year anniversary of the $40 billion collapse of MF's parent company, which was run by former New Jersey Governor and ex-Goldman Sachs chairman Jon Corzine. It was the eighth-largest Chapter 11 bankruptcy.
Twitter may fly on first day, ‘gray market' shows
Tue, 05 Nov 2013 23:24:58 GMT
USA TODAY – Trading in the so-called gray market suggests Twitter will have a big first day
How you can (but shouldn't?) get Twitter IPO shares
Tue, 05 Nov 2013 23:15:41 GMT
USA TODAY – Investors who don't understand IPOs might be best off waiting.
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