Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $232.50 short call and a strike $237.50 long call offers a potential 25.31% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $232.50 by expiration. The full premium credit of $1.01 would be kept by the premium seller. The risk of $3.99 would be incurred if the stock rose above the $237.50 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 27.52 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
[$$] How Goldman Sachs Made More Than $1 Billion With Your Credit Score
Mon, 10 Apr 2017 04:08:54 +0000
Three years after Goldman bought TransUnion, the credit-reporting firm had become a data-mining machine, gathering billions of seemingly insignificant tidbits about ordinary Americans that it analyzed …
[$$] US banks' rally sharpens pressure on earnings
Sun, 09 Apr 2017 12:01:25 +0000
America's largest banks are under pressure to shine as quarterly earnings season begins this week, with investors questioning the sector's rally since Donald Trump's election. While the S&P 500 Banks Index …
Amid clashes, White House says no looming staff shake-up
Sun, 09 Apr 2017 00:12:39 +0000
WASHINGTON (AP) — President Donald Trump's White House has been sharply divided by the rivalry between his powerful son-in-law with unfettered access to the president and the ideologue behind Trump's populist rise.
Earnings Preview: What To Expect From Citigroup On Thursday
Sat, 08 Apr 2017 20:32:00 +0000
Citigroup is expected to earn $1.24/share on $18.07 billion in revenue. Meanwhile, the so-called Whisper number is $1.30. The Whisper number is the Street's unofficial view on earnings.
Financial Stocks Tumble on Weak Jobs Report
Sat, 08 Apr 2017 00:31:00 +0000
Regional banks, investment banks and insurance companies are all taking a hit.
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