Goldman Sachs (GS) Offering Possible 63.93% Return Over the Next 15 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 $185.00 short put and a strike $180.00 long put offers a potential 63.93% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $185.00 by expiration. The full premium credit of $1.95 would be kept by the premium seller. The risk of $3.05 would be incurred if the stock dropped below the $180.00 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 40.21 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

US Market Starts Summer 2019 Significantly Overvalued
Tue, 04 Jun 2019 21:54:17 +0000
Markets attempt to rebound from May’s troubles, Dow soars over 500 points

In the UK, Goldman Sachs has usually offered the highest interest rates on savings
Tue, 04 Jun 2019 15:41:39 +0000
Marcus UK attracted 2,000 accounts in the first hour it was available, and more than 250,000 since it launched in September.

Stockbeat – U.S. Steel Jumps Despite Goldman Warning Low Prices Signal Pain Ahead
Tue, 04 Jun 2019 14:24:00 +0000
Investing.com – United States Steel rallied on Tuesday despite Goldman Sachs downgrading the company and warning that the backdrop for the steel industry is flimsy amid "materially" lower steel prices.

Trump strikes "supportive" tone in meeting with British business leaders -sources
Tue, 04 Jun 2019 14:09:03 +0000
U.S. President Donald Trump struck a positive, conciliatory tone with top British and U.S. business leaders at a meeting in London on Tuesday, sources familiar with the talks told Reuters, despite tensions between the two countries over China's Huawei. In a breakfast gathering with 10 executives at St James' Palace, Trump mentioned the strong historical ties between the two countries and praised British investment in the U.S. healthcare sector in particular, the sources said. Trump had earlier promised Britain a substantial post-Brexit trade deal, during a state visit to Britain being cast as a chance to celebrate Britain's “special relationship” with the United States and boost trade links.

Better Buy: Bank of America vs. Goldman Sachs
Tue, 04 Jun 2019 12:04:00 +0000
These two banks look like great value plays, but which is the better buy right now?

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