Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $225.00 short call and a strike $230.00 long call offers a potential 35.87% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $225.00 by expiration. The full premium credit of $1.32 would be kept by the premium seller. The risk of $3.68 would be incurred if the stock rose above the $230.00 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 41.91 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Goldman Sachs
Trans Union, LLC — Moody's upgrades Trans Union LLC's CFR to Ba2; outlook stable
Thu, 27 Jul 2017 23:48:06 +0000
Rating Action: Moody's upgrades Trans Union LLC's CFR to Ba2; outlook stable. Global Credit Research- 27 Jul 2017. Approximately $2.6 billion of rated debt affected.
Dropbox Likely to Hire Goldman Sachs for Possible IPO
Thu, 27 Jul 2017 21:50:22 +0000
Dropbox Inc. is expected to hire Goldman Sachs Group Inc. as lead adviser on its potential initial public offering, according to people familiar with the matter.
S&P 500 and Nasdaq close lower after tech's reversal from record highs
Thu, 27 Jul 2017 20:16:57 +0000
U.S. equities closed mixed on Thursday after the technology sector rolled over.
Fidelity Boosts Securities-Backed Loan Services
Thu, 27 Jul 2017 18:57:00 +0000
Advisors who work with Fidelity’s custody and clearing unit will soon be able to offer clients the same securities-backed loans Goldman Sachs offers its private banking clients. Fidelity, which already offers loans through U.S. Bancorp, is partnering with Goldman Sachs to give intermediaries access to Goldman’s new “Private Bank Select” platform. Fidelity serves more than 3,500 RIAs, broker-dealers and family offices, which have a combined clientele of about 6 million investors.
Goldman Sachs deal with Fidelity gives it access to more borrowers
Thu, 27 Jul 2017 17:33:35 +0000
Goldman Sachs Group Inc. is known for working with the super wealthy. Goldman (GS) — which currently offers such loans to some 12,000 clients — will gain access to about six million accounts using Fidelity’s technology. The deal will bring about a new online platform, GS Select, to offer between $75,000 and $25 million to new borrowers.
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