Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $225.00 short call and a strike $230.00 long call offers a potential 23.15% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $225.00 by expiration. The full premium credit of $0.94 would be kept by the premium seller. The risk of $4.06 would be incurred if the stock rose above the $230.00 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 27.6 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
[$$] Why Goldman Sachs still wants to be Asia number one
Tue, 29 Aug 2017 02:24:08 +0000
Goldman Sachs still wants to be number one. So far, so typical for the bank, which likes to trumpet its top ranking in global league tables in each earnings update. But the ambition here relates to Asia's …
Refinery stocks rise after Harvey hits Houston; Dow closes lower
Mon, 28 Aug 2017 13:30:15 +0000
Shares of oil refinery companies rose on Monday after Tropical Storm Harvey forced refineries in Houston to shut down.
3 Financial Stocks You Can Keep Forever
Sat, 26 Aug 2017 00:04:00 +0000
Here are three bank stocks that will let you sleep well at night.
Yellen defends bank regulations passed after 2008 crisis
Fri, 25 Aug 2017 20:45:12 +0000
Federal Reserve Chair Janet Yellen on Friday emphatically defended the web of regulations the Fed helped enact after the 2008 financial crisis, saying it helped restore the banking system's health and …
Dow closes higher on tax reform hopes, notches first weekly gain in three weeks
Fri, 25 Aug 2017 19:29:02 +0000
U.S. stocks closed higher on new hopes of tax reform and after speeches by central bank leaders Janet Yellen and Mario Draghi.
Related Posts
Also on Market Tamer…
Follow Us on Facebook