Goldman Sachs (GS) Offering Possible 17.92% Return Over the Next 9 Calendar Days

Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $267.50 short call and a strike $272.50 long call offers a potential 17.92% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $267.50 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 rose above the $272.50 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 62.5 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 Rips Into Trump’s Tariffs Plan
Tue, 06 Mar 2018 05:33:21 +0000
Goldman Sachs Group Inc. delivered a comprehensive critique of Donald Trump’s planned metal tariffs, saying they risk damaging the world’s biggest economy by raising costs just as price pressures build, …

Amazon Looking At Ways To Offer Branded Checking Account
Mon, 05 Mar 2018 21:06:57 +0000
Amazon is reportedly in early discussions with JPMorgan Chase and other big banks to develop something that would function like a branded checking account.

Goldman creates new commodities finance team as unit seeks turnaround
Mon, 05 Mar 2018 19:14:23 +0000
Goldman Sachs Group Inc is creating a new commodities finance team that will move staff from the securities division into the investment banking division, according to an internal memo on Monday. Colleen Foster, global head of commodities sales, will lead the new team, called “commodity finance solutions,” the memo said.

Goldman Sachs Moves Commodity Sales Team Into Investment Bank
Mon, 05 Mar 2018 17:07:45 +0000
Goldman Sachs Group Inc., which last year posted the worst commodities-trading revenue in 19 years as a public company, is moving commodities sales chief Colleen Foster and part of her team from the securities …

Famous ‘Big Short' Bank Trader Now High on Big Banks
Mon, 05 Mar 2018 11:00:00 +0000
‘Big Short' Investor Steve Eisman is opportunistic about banks.

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