Goldman Sachs (GS) Offering Possible 29.2% Return Over the Next 14 Calendar Days

Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $195.00 short put and a strike $190.00 long put offers a potential 29.2% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $195.00 by expiration. The full premium credit of $1.13 would be kept by the premium seller. The risk of $3.87 would be incurred if the stock dropped below the $190.00 long put 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 53.17 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

The Upcoming Apple Credit Card — Will It Be a Game Changer?
Wed, 27 Feb 2019 19:06:00 +0000
Goldman Sachs and Apple are gearing up to launch a co-branded credit card.

Atlanta cybersecurity firm closes $40M funding deal, shifts executive roles
Wed, 27 Feb 2019 18:08:44 +0000
An Atlanta-based cybersecurity firm has closed another major funding round with the backing of some national heavy-hitters.

Berkshire Stocks Up on American Banks: Here's Why
Wed, 27 Feb 2019 14:43:02 +0000
Berkshire is stocking up on American banks that generate revenues mostly from domestic operations and have limited international exposure.

Saudi Aramco adds Goldman Sachs as bookrunner for planned bond: sources
Wed, 27 Feb 2019 13:12:35 +0000
Saudi Aramco has added Goldman Sachs as a bookrunner for a planned bond which will help finance its purchase of a stake in Saudi Arabian Basic Industries Corp (SABIC), two sources familiar with the matter told Reuters. The U.S. investment bank flew out a team of senior executives including partner Dina Powell, a veteran of the administration of U.S. President Donald Trump, to pitch for the deal, the sources said. Saudi Aramco did not respond to queries for immediate comment.

Goldman Expects Legal Losses to Exceed Reserves by $1.9B
Wed, 27 Feb 2019 12:50:12 +0000
Goldman's (GS) exposure to a number of legal matters is likely to weigh on its financials and reputation.

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