Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $227.50 short call and a strike $232.50 long call offers a potential 18.2% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $227.50 by expiration. The full premium credit of $0.77 would be kept by the premium seller. The risk of $4.23 would be incurred if the stock rose above the $232.50 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 46.1 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Goldman Sachs
Goldman Sachs Gets Approval to Trade Stocks in This Kingdom
Tue, 22 Aug 2017 15:49:00 +0000
More and more Western investment banks are expanding in Saudi Arabia.
Dow surges 196 points, posts best day since April on hope for tax reform
Tue, 22 Aug 2017 13:30:10 +0000
Stocks closed higher on Tuesday on renewed hopes of U.S. tax reform.
Goldman Sachs (GS) to Boost Commodities Unit With New Hires
Tue, 22 Aug 2017 13:15:01 +0000
Goldman Sachs (GS) plans to hire senior employees and lure new clients in order to improve trading performance.
Goldman Sachs just poured $45 million into a company picking up Amazon's slack in the cloud
Tue, 22 Aug 2017 13:00:00 +0000
Goldman Sachs just led a $45 million investment round into Skytap, a 10-year-old cloud computing…
Goldman Sachs is Wall Street’s biggest unicorn herder
Tue, 22 Aug 2017 12:43:39 +0000
Goldman Sachs CEO Lloyd Blankfein has said that his bank is a technology company. More specifically, he could say that Goldman is a technology venture capital firm. For the past five years, the Wall Street bank has been the biggest investor in tech startups of any Fortune 500 company outside the technology industry, according to…
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