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 $165.00 long put offers a potential 17.92% return on risk over the next 31 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 $0.76 would be kept by the premium seller. The risk of $4.24 would be incurred if the stock dropped below the $165.00 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 53.79 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
PRESS DIGEST-Wall Street Journal – Aug 21
Thu, 21 Aug 2014 04:56:19 GMT
Reuters – The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * U.S. Special Operations forces mounted an unsuccessful mission …
[$$] Wall Street Banks Lift Pay for Junior Bankers
Thu, 21 Aug 2014 03:41:04 GMT
The Wall Street Journal – A host of big banks including Goldman Sachs Group Inc., J.P. Morgan Chase & Co. and Morgan Stanley have decided to lift pay or are seriously considering the move for many junior bankers.
Goldman Halts Efforts to End $1B Libya Fund Lawsuit
Wed, 20 Aug 2014 21:26:45 GMT
Goldman Sachs Said to Raise Junior Salaries by 20%
Wed, 20 Aug 2014 20:59:03 GMT
Goldman Sachs' Jan Hatzius On CPI Drag
Wed, 20 Aug 2014 19:58:15 GMT
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