Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $160.00 short put and a strike $150.00 long put offers a potential 14.29% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $160.00 by expiration. The full premium credit of $1.25 would be kept by the premium seller. The risk of $8.75 would be incurred if the stock dropped below the $150.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Goldman Sachs is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Goldman Sachs is bullish.
The RSI indicator is at 59.83 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
Indiana Bond Bank — Moody's downgrades the long-term ratings of 9 gas prepayment bonds
Mon, 18 Nov 2013 22:59:47 GMT
Moody's – Approximately $5.5 billion of outstanding debt affected. New York, November 18, 2013– Moody's Investors Service has downgraded the long-term ratings of the below listed gas prepayment bonds. On November14, …
Account of Jeff Bezos and Amazon wins Business Book of the Year
Mon, 18 Nov 2013 22:30:55 GMT
Financial Times – An “inspirational” account of the rise of Amazon and Jeff Bezos, the ecommerce group's founder, has won this year's Financial Times and Goldman Sachs Business Book of the Year Award. The Everything …
MF Global ordered to pay $1.2 billion
Mon, 18 Nov 2013 21:51:10 GMT
USA TODAY – MF Global ordered to pay $1.2 billion in restitution
JPMorgan Settles Another Mortgage Issue
Mon, 18 Nov 2013 21:37:37 GMT
Zacks – JPMorgan's efforts to resolve mortgage-related issues have received a fresh boost. The company will pay $4.5 billion to investors who incurred losses on 330 RMBS trusts issued by JPMorgan and Bears Stearns …
Goldman Said to Draw Interest in Metro Warehousing Unit
Mon, 18 Nov 2013 20:39:12 GMT
Bloomberg – Goldman Sachs Group Inc., which bought aluminum warehouse firm Metro International Trade Services LLC in 2010, has received inquiries from potential buyers after the London Metal Exchange imposed new rules …
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