Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $165.00 short put and a strike $155.00 long put offers a potential 10.86% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 by expiration. The full premium credit of $0.98 would be kept by the premium seller. The risk of $9.02 would be incurred if the stock dropped below the $155.00 long put 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
Goldman Sees Hong Kong’s Biggest Rally Since 2009
Tue, 03 Dec 2013 01:22:00 GMT
Bloomberg – Dec. 3 (Bloomberg) –- Bloomberg’s John Dawson reports on Goldman Sachs bold forecast saying it sees Hong Kong’s “H” shares up 18% in 2014. He speaks to Mia Saini on Bloomberg Television’s “First Up.” (Source: …
Treasury Delays Bill Sale Due to Glitch
Tue, 03 Dec 2013 00:52:49 GMT
The Wall Street Journal – Officials cited errors that occurred during a test of its system.
Don Juan Forgotten as Spain Seeks Dating Help From Badoo
Tue, 03 Dec 2013 00:01:00 GMT
Bloomberg – Though it might make Latin legends Don Juan and Casanova spin in their graves, millions of Southern Europeans are turning to a Russian for help finding a local date.
Fed clears Goldman and JPM capital plans
Mon, 02 Dec 2013 23:54:51 GMT
Financial Times – The Federal Reserve on Monday approved revised capital plans from JPMorgan Chase and Goldman Sachs, allowing the banks to press ahead with share buybacks and dividends. In a surprise move in March, Goldman …
Goldman Says Buy H-Shares Amid Growth: China Overnight
Mon, 02 Dec 2013 23:27:21 GMT
Bloomberg – Chinese stocks trading in Hong Kong will post the biggest gain since 2009 next year on prospects the economy will stabilize, Goldman Sachs Group Inc. said.
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