Goldman Sachs (GS) Offering Possible 27.55% Return Over the Next 21 Calendar Days

Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $227.50 short call and a strike $232.50 long call offers a potential 27.55% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $227.50 by expiration. The full premium credit of $1.08 would be kept by the premium seller. The risk of $3.92 would be incurred if the stock rose above the $232.50 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 48.11 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

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FT: With alumni in the White House, Goldman sees an openi…
Wed, 23 Aug 2017 15:37:00 +0000
A weakening of the Volcker rule is not guaranteed, but it is now within Goldman's grasp, writes the Financial Times.

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Wed, 23 Aug 2017 13:30:08 +0000
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Goldman Sachs Gets Approval to Trade Stocks in This Kingdom
Tue, 22 Aug 2017 15:49:00 +0000
More and more Western investment banks are expanding in Saudi Arabia.

Dow surges 196 points, posts best day since April on hope for tax reform
Tue, 22 Aug 2017 13:30:10 +0000
Stocks closed higher on Tuesday on renewed hopes of U.S. tax reform.

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