Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $160.00 short call and a strike $170.00 long call offers a potential 21.21% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $160.00 by expiration. The full premium credit of $1.75 would be kept by the premium seller. The risk of $8.25 would be incurred if the stock rose above the $170.00 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 36.64 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 Moves to Energize Stock Trading
Wed, 16 Apr 2014 01:23:18 GMT
Goldman Sachs Group Inc. Earnings: Will Wall Street's Woes Continue?
Tue, 15 Apr 2014 23:06:51 GMT
Sears Appoints New Executive (revised)
Tue, 15 Apr 2014 21:47:35 GMT
Delamaide: SEC catching minnows, not sharks
Tue, 15 Apr 2014 19:27:48 GMT
Goldman Sachs (GS) Earnings: What to Expect
Tue, 15 Apr 2014 18:37:00 GMT
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