Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $155.00 short put and a strike $150.00 long put offers a potential 12.11% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 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 49.89 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
The Zacks Analyst Blog Highlights: Barclays, Citigroup, Goldman Sachs Group, Morgan Stanley and JPMorgan Chase
Mon, 12 May 2014 11:42:30 GMT
Mercuria Said to Hire Ex-Goldman Commodities Co-Head Shenouda
Mon, 12 May 2014 11:18:45 GMT
43% bullish on USD this week: CNBC poll
Sun, 11 May 2014 22:33:00 GMT
CNBC – Steve Goldman, Managing Director at Kapstream Capital, discusses CNBC's latest forex sentiment survey. He says April's positive U.S. jobs report should provide support for the dollar.
Goldman banking revenue to grow with global economy – Barron's
Sun, 11 May 2014 18:37:28 GMT
Goldman banking revenue to grow with global economy – Barron's
Sun, 11 May 2014 18:37:28 GMT
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