Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $220.00 short call and a strike $230.00 long call offers a potential 14.03% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $220.00 by expiration. The full premium credit of $1.23 would be kept by the premium seller. The risk of $8.77 would be incurred if the stock rose above the $230.00 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 60.98 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 Sachs says no all-nighters for its interns
Thu, 18 Jun 2015 10:08:56 GMT
Banks’ Civil Forex Settlements Near $2 Billion
Thu, 18 Jun 2015 04:34:12 GMT
The Wall Street Journal – The amount paid by banks to settle a civil lawsuit tied to allegations of forex manipulation has reached almost $2 billion after Barclays, BNP Paribas, Goldman Sachs and HSBC signed agreements.
Goldman Sachs Tells Interns to End the Late, Late Show
Thu, 18 Jun 2015 04:33:56 GMT
The Wall Street Journal – Goldman Sachs has told its new crop of investment-banking interns to head home by midnight, much like Cinderella.
Goldman eyes digital bank launch
Thu, 18 Jun 2015 00:31:06 GMT
AAP – Goldman Sachs intends to launch a digital banking division to lend to small businesses and consumers, broadening its clientele from its blue-chip base. “The traditional means by which financial services are delivered to consumers and small businesses is being fundamentally re-shaped by advances in technology, maturity of digital channels, use of data and analytics and a focus on customer experience,” the bank said in a May internal memo.
Four banks pay nearly $1 bn to settle forex rigging suit: sources
Wed, 17 Jun 2015 23:37:27 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook