Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $175.00 short put and a strike $170.00 long put offers a potential 19.9% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $175.00 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $4.17 would be incurred if the stock dropped below the $170.00 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 79.98 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
Goldman as New Madrid Landlord Marks Investment Rebound in Spain
Thu, 28 Aug 2014 22:00:01 GMT
JPM investigating possible cyberattack
Thu, 28 Aug 2014 21:06:00 GMT
New cyberattack on banks ‘very sophisticated'
Thu, 28 Aug 2014 21:00:19 GMT
Man vs. Machine: High-Frequency Traders Take Over at NYSE
Thu, 28 Aug 2014 19:28:31 GMT
HSBC, Nomura lose bid to avoid U.S. agency's mortgage lawsuits
Thu, 28 Aug 2014 18:44:38 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook