Goldman Sachs (GS) Offering Possible 20.48% Return Over the Next 18 Calendar Days

Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $172.50 short put and a strike $167.50 long put offers a potential 20.48% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $172.50 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock dropped below the $167.50 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 66.83 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 Has a New Model: Apple
Mon, 31 Oct 2016 04:31:22 GMT
The Wall Street Journal – Goldman Sachs has begun allowing rivals to sell their own investment products through one of its web applications, marking a new openness for a bank that has closely guarded its technology.

[$$] Goldman Sachs Has a New Model: Apple
Mon, 31 Oct 2016 01:31:39 GMT

Goldman Asset Frets Dollar’s Surge May Deter Fed If It Goes On
Mon, 31 Oct 2016 00:20:17 GMT

GOLDMAN SACHS GROUP INC Files SEC form 8-K, Financial Statements and Exhibits
Fri, 28 Oct 2016 20:16:22 GMT

Goldman bets on Wall Street cachet as it shops loans to the 99%
Fri, 28 Oct 2016 20:01:23 GMT

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