Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $155.00 short put and a strike $145.00 long put offers a potential 6.38% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $9.40 would be incurred if the stock dropped below the $145.00 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 70.12 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
Robert Steel named CEO of Perella Weinberg Partners
Wed, 28 May 2014 13:26:05 GMT
[$$] Goldman's Cohn Says Economic Growth, Low Rates Weigh on Trading
Wed, 28 May 2014 13:08:38 GMT
Why Brazil will win the World Cup (and what it means for stocks)
Wed, 28 May 2014 13:04:00 GMT
Perella Weinberg names Bob Steel CEO
Wed, 28 May 2014 13:01:32 GMT
Financial Times – Bob Steel, the former deputy mayor of New York and vice-chairman of Goldman Sachs, is becoming chief executive of Perella Weinberg, the boutique investment bank. His appointment shows Joseph Perella, co-founder …
Goldman crunches numbers to predict World Cup winner
Wed, 28 May 2014 13:01:00 GMT
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