Goldman Sachs (GS) Offering Possible 13.51% Return Over the Next 24 Calendar Days

Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $170.00 short put and a strike $160.00 long put offers a potential 13.51% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 by expiration. The full premium credit of $1.19 would be kept by the premium seller. The risk of $8.81 would be incurred if the stock dropped below the $160.00 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 77.17 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, closer to Murdoch than Bugs Bunny, misses year's biggest deal
Tue, 25 Oct 2016 08:17:26 GMT

Goldman, closer to Murdoch than Bugs Bunny, misses year's biggest deal
Tue, 25 Oct 2016 08:17:26 GMT

Goldman, closer to Murdoch than Bugs Bunny, misses year's biggest deal
Tue, 25 Oct 2016 05:40:52 GMT

Goldman, closer to Murdoch than Bugs Bunny, misses year's biggest deal
Tue, 25 Oct 2016 05:00:01 GMT

Goldman Sachs to cut 20 jobs in New York – filing
Mon, 24 Oct 2016 22:25:48 GMT

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