Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $182.50 short put and a strike $177.50 long put offers a potential 20.77% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $182.50 by expiration. The full premium credit of $0.86 would be kept by the premium seller. The risk of $4.14 would be incurred if the stock dropped below the $177.50 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 58.19 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
Asia stocks will rally into year-end: Goldman
Thu, 30 Oct 2014 04:35:25 GMT
CNBC – Asia stock markets may have taken the recent rout on the chin, but that's left them well-poised for a solid year-end rally, Goldman Sachs said.
Alibaba stock bulls, bears load up before earnings
Wed, 29 Oct 2014 23:11:29 GMT
Your first trade for Thursday
Wed, 29 Oct 2014 22:00:59 GMT
Goldman Sachs Not Seeing Clear Skies Like Others In The Rally
Wed, 29 Oct 2014 20:57:12 GMT
Banker in Middle of Fight Between Goldman Sachs and Libya
Wed, 29 Oct 2014 19:37:42 GMT
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