Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $170.00 short put and a strike $160.00 long put offers a potential 9.77% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 by expiration. The full premium credit of $0.89 would be kept by the premium seller. The risk of $9.11 would be incurred if the stock dropped below the $160.00 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 68.43 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
Gold Most Bullish Since 2012 as Goldman Sees Slump: Commodities
Mon, 10 Mar 2014 22:13:29 GMT
Gold Most Bullish Since 2012 as Goldman Sees Slump
Mon, 10 Mar 2014 22:13:29 GMT
Goldman Shows Stability in Fundamentals
Mon, 10 Mar 2014 20:35:04 GMT
Dow Today: Chevron (CVX) Leads The Day Higher, Goldman Sachs Group (GS) Lags
Mon, 10 Mar 2014 20:30:00 GMT
Goldman partners sell down their stake in the bank
Mon, 10 Mar 2014 18:46:45 GMT
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