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 5.37% return on risk over the next 26 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 $0.51 would be kept by the premium seller. The risk of $9.49 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 68.46 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
Dow Today: Goldman Sachs Group (GS) Leads The Day Higher, Walt Disney (DIS) Lags
Mon, 25 Nov 2013 21:30:00 GMT
TheStreet – The Dow component that led the way higher today was Goldman Sachs Group (NYSE: GS ), which sported a $1.38 gain (+0.8%) bringing the stock to $169.48. Holding the Dow back today was Walt Disney (NYSE: …
Goldman analyst lifts Alcoa rating, price target
Mon, 25 Nov 2013 18:54:26 GMT
Goldman analyst lifts Alcoa rating, price target
Mon, 25 Nov 2013 18:54:26 GMT
AP – Alcoa's stock climbed Monday as a Goldman Sachs analyst lifted his rating and price target for the aluminum company, citing the transition of its business to a more profitable model focused on value-added …
Whenever Fed Talks, Markets Move
Mon, 25 Nov 2013 17:54:44 GMT
The Wall Street Journal – Markets reacted strongly to the Fed's announcements after its June meeting, both after the release of the formal policy statement and during the Bernanke's press conference. Turns out that was pretty typical….
Goldman to Vend Uranium Trading Unit
Mon, 25 Nov 2013 17:10:02 GMT
Zacks – Pressurized by stringent regulations and forecasts of lackluster demand in certain markets, Goldman has decided to divest its uranium trading operations.
Related Posts
Also on Market Tamer…
Follow Us on Facebook