Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $222.50 short put and a strike $217.50 long put offers a potential 40.85% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $222.50 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $3.55 would be incurred if the stock dropped below the $217.50 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 46.85 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 Finds Itself in Unusual Spot: Last Place in Trading
Tue, 01 Aug 2017 09:51:45 +0000
Goldman Sachs’s 40% decline in fixed-income activity has rattled executives, sparking a charm offensive designed to showcase a more customer-friendly Goldman.
GOLDMAN SACHS: Buy stock in companies spending the least on employee pay
Tue, 01 Aug 2017 04:57:00 +0000
In the US stock market right now, efforts to keep labor costs down are paying off. A group of…
Dow Hits Record High as Street Rallies on Strong Q2 Results
Mon, 31 Jul 2017 21:59:00 +0000
Strong results, along with stabilizing oil prices, saw the stock market continue its rally.
Dow closes at record high as Street cheers strong earnings season
Mon, 31 Jul 2017 20:26:04 +0000
The Dow Jones industrial average closed at a record high on Monday as Wall Street cheered on what's been a strong earnings season.
Clariant Enlists Goldman to Help Fend Off Merger With Huntsman
Mon, 31 Jul 2017 16:50:00 +0000
Activist investment group White Tale Holdings is pressuring the company to merge with Huntsman.
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