Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $160.00 short call and a strike $170.00 long call offers a potential 15.47% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $160.00 by expiration. The full premium credit of $1.34 would be kept by the premium seller. The risk of $8.66 would be incurred if the stock rose above the $170.00 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 49.98 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
Investment banks: dead trees
Sun, 18 May 2014 15:47:18 GMT
Financial Times – “It has become increasingly clear that we are not moving with enough urgency.” So goes an internal New York Times report on newsroom ‘innovation' – or the lack thereof. It was leaked last week. …
Health craze whips up prices for egg whites
Sun, 18 May 2014 15:06:16 GMT
Financial Times – A run on egg whites in the US food industry has made prices sizzle for the sticky ingredient, cooking up gains for companies from Cargill to an investment holding of Goldman Sachs. Analysts say the fragile …
Gas prices shouldn't be high, but are: What gives?
Sun, 18 May 2014 11:16:50 GMT
Conning has appetite and firepower for deals
Sun, 18 May 2014 06:18:42 GMT
Financial Times – Conning, a Connecticut-based house that manages $85bn on behalf of insurance companies, has a “substantial amount of money for acquisitions” as it looks to expand its presence in the sector further. …
[$$] Goldman and Ties That Bind
Sat, 17 May 2014 11:27:08 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook