Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $232.50 short put and a strike $227.50 long put offers a potential 16.55% 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 $232.50 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock dropped below the $227.50 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 78.72 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
Goldman Sachs Honors Volley.com CTO Carson Kahn for Entrepreneurship
Tue, 31 Jul 2018 12:30:00 +0000
Goldman Sachs (GS) will recognize Carson S. Kahn, founder and CTO of artificial intelligence firm Volley (volley.com), as one of its 100 Most Intriguing Entrepreneurs of 2018 at the bank’s prestigious Builders + Innovators Summit in San Francisco. Goldman Sachs will celebrate Kahn among entrepreneurs from multiple industries to be honored at the three-day Summit.
Apple Pay To Have Most Customers: Juniper
Tue, 31 Jul 2018 12:11:00 +0000
With digital payments starting to grow in the U.S. Apple Inc. ( AAPL) stands to benefit the most from increased usage of Apple Pay, its digital payment platform. The researcher expects in-store contactless payments to hit $2 trillion by 2020, accounting for 15% of all point of sale transactions. Among the players that will drive the market, which includes Apple Pay, Samsung Electronics’ Samsung Pay, Alphabet’s ( GOOG) Google Pay and other OEM pay wallets, Apple will account for one in two digital payment users around the globe, Juniper predicted.
Cryptocurrency Daily Roundup July 31
Tue, 31 Jul 2018 12:00:10 +0000
South Korea to end crypto tax breaks South Korea revealed plans to end crypto exchanges’ tax breaks. The news caused major cryptocurrency prices, including Bitcoin’s (BTC-USD) to tumble on Tuesday. The authorities used the excuse that even though the crypto market is growing rapidly, trading platforms are not offering enough security to end users. so […] The post Cryptocurrency Daily Roundup July 31 appeared first on Market Exclusive.
Goldman Execs to Win on Financial Crisis Options
Tue, 31 Jul 2018 11:35:00 +0000
In an effort to retain key executives and board members during the financial crisis of 2008 and 2009, Goldman Sachs Group Inc. ( GS) issued stock options to 350 executives and board members. With the options set to expire later in 2018, the options' holders, many of whom are no longer with Goldman Sachs, are set to collectively rake in $3 billion or more, underscoring the meteoric rise in financial companies' stock since the Great Recession. According to a report in the Wall Street Journal, citing regulatory filings, among the executives who will be able to cash out is David Solomon, the incoming chief executive of the storied Wall Street bank who was awarded 27,000 options during the financial crisis.
CEO confirms Credit Suisse seeking Saudi banking license
Tue, 31 Jul 2018 10:14:47 +0000
ZURICH (Reuters) – Credit Suisse (CSGN.S) Chief Executive Tidjane Thiam personally travelled to Saudi Arabia to apply for a banking license, he said on Tuesday, confirming Reuters information the Swiss …
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