Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $170.00 short call and a strike $180.00 long call offers a potential 13.38% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $170.00 by expiration. The full premium credit of $1.18 would be kept by the premium seller. The risk of $8.82 would be incurred if the stock rose above the $180.00 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 54.7 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
Jobs blowout: Economy gains 288,000 in June
Thu, 03 Jul 2014 13:47:33 GMT
USA TODAY – Job gains far exceeded forecasts while jobless rate fell to 6.1%.
Goldman Says Google Agreed to Block Email With Accidentally Leaked Client Data
Thu, 03 Jul 2014 13:18:50 GMT
The Wall Street Journal – Goldman on Tuesday said Google blocked access to an email with “highly confidential” data that an outside contractor for the investment bank accidentally sent to the wrong account.
[$$] 1MDB Adds Goldman to Adviser List
Thu, 03 Jul 2014 13:06:23 GMT
Fitch Assigns Moda 2014 S.r.l Expected Ratings
Thu, 03 Jul 2014 12:07:05 GMT
Reuters – Fitch Ratings has assigned Moda 2014 S.r.l expected ratings as follows: EUR145.1m Class A due August 2026 : ‘A+ sf'; Outlook Stable EUR14.6m Class B due August 2026 : ‘A sf'; Outlook Stable EUR17.7m Class …
Tenaris upgraded to Neutral from Sell at Goldman
Thu, 03 Jul 2014 11:52:16 GMT
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