Goldman Sachs (GS) Offering Possible 31.58% Return Over the Next 23 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 $167.50 short call and a strike $172.50 long call offers a potential 31.58% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $167.50 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock rose above the $172.50 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 37.18 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

[$$] Goldman Sachs Gives a Glimpse Into Its New Lending Plans
Wed, 28 Sep 2016 03:51:11 GMT
The Wall Street Journal – Stephen Scherr, who runs the bank embedded inside Goldman Sachs, spoke publicly about the firm’s online-lending effort for the first time, offering a few new details about the Wall Street titan’s push …

[$$] Asia: Where American Investment-Banking Dreams Go to Die
Wed, 28 Sep 2016 03:50:47 GMT
The Wall Street Journal – Asian investment-banking revenue has become dominated by Chinese lenders, as U.S. and European banks lag behind in a region once seen as a potential bonanza.

Goldman Sachs invests $70 million in Red Planet Hotels
Wed, 28 Sep 2016 02:43:14 GMT

Goldman Sachs invests $70 mln in Red Planet Hotels
Wed, 28 Sep 2016 02:40:01 GMT

Two Goldman Sachs Asia Partners Said in Discussions to Leave
Wed, 28 Sep 2016 02:14:24 GMT

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