Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $165.00 short put and a strike $155.00 long put offers a potential 9.89% 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 $165.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $9.10 would be incurred if the stock dropped below the $155.00 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 above 80 which suggests that the stock is in overbought 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
World Cup Surprises Trip Up Goldman Sachs
Tue, 24 Jun 2014 11:24:41 GMT
The Morning Ledger: CFO Pay Packages Decline
Tue, 24 Jun 2014 10:48:01 GMT
Shire hires Goldman as it confronts takeover offer, NY Times reports
Tue, 24 Jun 2014 10:21:15 GMT
JPMorgan Chase Helps Cut the Dow's Losses, But Is Goldman Sachs the Better Stock?
Tue, 24 Jun 2014 05:14:06 GMT
Goldman Sachs Tokyo FX Salesman Wako Ogawa Said to Resign
Tue, 24 Jun 2014 04:34:31 GMT
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