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 23.46% return on risk over the next 30 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 $0.95 would be kept by the premium seller. The risk of $4.05 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 67.73 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
BofA, Goldman Plan 20% Junior Banker Pay Raises
Fri, 22 Aug 2014 11:12:39 GMT
Big Payday for Junior Bankers
Fri, 22 Aug 2014 00:14:27 GMT
Goldman Sachs Struggles To Shake Bull Fever In Light Of Bear Data
Thu, 21 Aug 2014 21:52:32 GMT
Windstream President & CEO Jeff Gardner to speak at Goldman Sachs conference
Thu, 21 Aug 2014 20:42:45 GMT
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Financials ready to break out?
Thu, 21 Aug 2014 19:58:00 GMT
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