Goldman Sachs (GS) Offering Possible 44.51% Return Over the Next 22 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 $197.50 short call and a strike $202.50 long call offers a potential 44.51% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $197.50 by expiration. The full premium credit of $1.54 would be kept by the premium seller. The risk of $3.46 would be incurred if the stock rose above the $202.50 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 below 20 which suggests that the stock is in oversold territory.

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

World Gold Council to appoint David Tait chief executive
Wed, 28 Nov 2018 09:51:41 +0000
LONDON (Reuters) – The World Gold Council (WGC) said on Wednesday it would appoint David Tait, an investment banker and member of the Bank of England's market standards board, as chief executive from next …

MOVES-World Gold Council to appoint David Tait chief executive
Wed, 28 Nov 2018 09:46:47 +0000
The World Gold Council said on Wednesday it would appoint David Tait, an investment banker and member of the Bank of England's market standards board, as chief executive from next year. Tait will take …

[$$] South Korea regulator hits Goldman with fine over short selling
Wed, 28 Nov 2018 09:01:26 +0000
Goldman Sachs has come under heavy scrutiny for its role in the 1MDB scandal in Malaysia, one of the largest corruption scandals in history. The fine was the largest amount imposed by the regulator as South Korean bans short selling without securing underlying assets. The Financial Services Commission said the investment bank conducted so-called naked short selling worth about Won40bn in late May.

South Korea fines Goldman Sachs' unit $6.7 million for naked short selling
Wed, 28 Nov 2018 07:31:24 +0000
SEOUL (Reuters) – South Korea's financial regulator said on Wednesday it has imposed a 7.5 billion won ($6.66 million) fine on Goldman Sachs Group's subsidiary Goldman Sachs International for violating …

S.Korea fines Goldman Sachs' unit $6.7 mln for naked short selling
Wed, 28 Nov 2018 07:23:47 +0000
South Korea's financial regulator said on Wednesday it has imposed a 7.5 billion won fine on Goldman Sachs Group's subsidiary Goldman Sachs International for violating short-selling rules. The fine is …

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