Goldman Sachs (GS) Offering Possible 38.89% Return Over the Next 17 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 $220.00 short put and a strike $215.00 long put offers a potential 38.89% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $220.00 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $3.60 would be incurred if the stock dropped below the $215.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Goldman Sachs is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Goldman Sachs is bullish.

The RSI indicator is at 45.55 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 hires China banker Chu betting on expected deal growth
Mon, 31 Jul 2017 06:36:59 +0000
Goldman Sachs Group Inc hired China-focused banker Bill Chu to its investment banking team in the country, betting on increased activity as companies in the world's second-largest economy gear up for a resumption of overseas deals. Based in Beijing, Chu will be a managing director in the China Investment Banking Services (IBS) team, according to an internal memo seen by Reuters on Monday.

U.S. Shale Is Determined Not To Kill This Rally
Sun, 30 Jul 2017 23:00:00 +0000
U.S. shale is determined to let this oil rally play out, having learnt its lesson from the most recent crash in oil prices following a ramp up in production

Dow industrials just 170 points shy of 22,000 milestone
Fri, 28 Jul 2017 20:18:52 +0000
The Dow Jones Industrial Averaged wrapped up at an all-time closing high Friday, ending the week u 1.2% higher, even as the broader market was weighed by a recent slump in shares of technology companies. …

Dow posts record close as Wall Street shakes off Amazon's fall
Fri, 28 Jul 2017 20:00:00 +0000
U.S. equities traded off session lows on Friday investors shook off a sharp pullback from Amazon.com.

The Redfin Corp (RDFN) IPO Soars on Its Debut
Fri, 28 Jul 2017 17:12:13 +0000
Redfin Corp (NASDAQ:RDFN) provided the world of tech IPOs with some good news amid a pretty tough slog. Redfin’s initial public offering went live Friday with an offering of 9.2 million shares at $15 each, and RDFN stock jumped 36% in early morning trade. Today, I’ll give you an introduction to Redfin, and look at its prospects going forward following its successful IPO.

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