Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $185.00 short put and a strike $180.00 long put offers a potential 15.47% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $185.00 by expiration. The full premium credit of $0.67 would be kept by the premium seller. The risk of $4.33 would be incurred if the stock dropped below the $180.00 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
Financial Briefing Book: News Digest
Thu, 06 Nov 2014 05:43:08 GMT
The Wall Street Journal – Goldman Sachs lowered the top end on its range of “reasonably possible” legal losses to about $2.5 billion, the Wall Street firm said in a regulatory filing.
[$$] Goldman Lowers Top End of Possible Legal Losses Range to $2.5 Billion
Thu, 06 Nov 2014 05:41:47 GMT
The Wall Street Journal – Goldman Sachs Group Inc. lowered the top end on its range of “reasonably possible” legal losses to about $2.5 billion, the Wall Street firm said in a regulatory filing.
Obama Immigration Vow Clashes With McConnell’s
Thu, 06 Nov 2014 05:00:15 GMT
Obama Immigration Vow Clashes With McConnell’s in Goodwill Test
Thu, 06 Nov 2014 05:00:15 GMT
Obama, McConnell Look for Common Ground After Election
Thu, 06 Nov 2014 03:12:57 GMT
Bloomberg – President Barack Obama and Senate Republican leader Mitch McConnell said they will reach for common ground on issues such as international trade and a tax-code revision after Republicans won control of …
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