Goldman Sachs (GS) Offering Possible 26.58% Return Over the Next 29 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 $252.50 short put and a strike $247.50 long put offers a potential 26.58% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $252.50 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock dropped below the $247.50 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 up which suggests that the medium-term momentum for Goldman Sachs is bullish.

The RSI indicator is at 70.75 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

CITIC CLSA replaces Goldman Sachs for HNA unit $200 mln pre-IPO funding -sources
Wed, 20 Dec 2017 10:42:14 +0000
CITIC CLSA Securities has been hired by a unit of HNA Group Co Ltd to work on pre-IPO fundraising, people close to the matter said, just four months after Goldman Sachs Group Inc ended its involvement over compliance concerns. Hong Kong-based CITIC CLSA is arranging the sale of an up to $200 million convertible bond for Beijing-based IT outsourcing firm Pactera Technology International Ltd, which HNA bought from private equity firm Blackstone Group LP for $675 million last year, three people with knowledge of the matter told Reuters.

[$$] Big U.S. Banks Get Satisfactory Grades on ‘Living Wills’
Wed, 20 Dec 2017 06:18:31 +0000
The eight largest and most complex U.S. banks received satisfactory grades on their latest “living will” bailout-prevention plans, a milestone that further reduces the already-remote possibility that any …

Lebanon detains Uber driver suspected of murdering British embassy worker -security official
Mon, 18 Dec 2017 22:55:23 +0000
A Lebanese taxi driver with a previous arrest for drug use has confessed to killing a British woman who worked at the British Embassy in Beirut, a senior Lebanese security official said on Monday. A second security source said preliminary investigations into the murder of Rebecca Dykes showed the motive was purely criminal, not political. The suspect, who worked for the Uber taxi service, had immediately confessed to the crime, which took place early on Saturday, the source said.

Why Goldman, Morgan Stanley May Rise At Least 15%
Mon, 18 Dec 2017 16:40:00 +0000
Bank stocks have led the market higher recently, and the momentum will likely continue in the short term.

‘Korea's Goldman' Distant as Brokerages Slow to Get Funding
Sun, 17 Dec 2017 20:00:00 +0000
South Korea’s goal of creating its own Goldman Sachs has stalled as big brokerages wait on approvals to raise new funds for expansion.

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