Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $165.00 short call and a strike $175.00 long call offers a potential 19.19% 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 $165.00 by expiration. The full premium credit of $1.61 would be kept by the premium seller. The risk of $8.39 would be incurred if the stock rose above the $175.00 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 27.86 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
[$$] A Difficult Quarter Again Seen for Banks
Thu, 10 Jul 2014 23:06:16 GMT
3 Risks Goldman Sachs Group, Inc. Must Overcome
Thu, 10 Jul 2014 20:33:57 GMT
Dow Today: Verizon Communications (VZ) Leads The Day Higher, Goldman Sachs Group (GS) Lags
Thu, 10 Jul 2014 20:30:00 GMT
[$$] Lorna Jane Draws Big-Name Suitors
Thu, 10 Jul 2014 18:02:07 GMT
Banks try to protect their young
Thu, 10 Jul 2014 15:51:14 GMT
Financial Times – Last summer, Goldman Sachs hired Adam Grant, an author, academic and consultant who has worked with Google and Merck, the drugmaker. His task? Not cost-cutting but finding how young bankers could get the …
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