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 21.65% return on risk over the next 29 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 $0.89 would be kept by the premium seller. The risk of $4.11 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 64.88 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 GROUP INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Mon, 25 Aug 2014 10:01:21 GMT
Singapore's GIC in final talks to buy Tokyo building for $1.6 bln -sources
Mon, 25 Aug 2014 09:54:13 GMT
[$$] Goldman Plans Smaller New-Partner Class
Mon, 25 Aug 2014 04:40:25 GMT
The Wall Street Journal – The New York securities firm is likely to bestow its prestigious partner designation on no more than 70 employees this fall—a reflection of an industrywide revenue slump.
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Mon, 25 Aug 2014 03:14:43 GMT
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Sat, 23 Aug 2014 17:39:17 GMT
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