Goldman Sachs (GS) Offering Possible 28.53% Return Over the Next 23 Calendar Days

Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $197.50 short call and a strike $202.50 long call offers a potential 28.53% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $197.50 by expiration. The full premium credit of $1.11 would be kept by the premium seller. The risk of $3.89 would be incurred if the stock rose above the $202.50 long call 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

Oil Steady After Biggest Gain in 2 Months as OPEC Talks Approach
Tue, 27 Nov 2018 10:36:11 +0000
Traders are monitoring this week’s G-20 gathering in Argentina, which will include Saudi Crown Prince Mohammed Bin Salman and Russian President Vladimir Putin, before OPEC meets next week in Vienna. Meanwhile, U.S. crude inventories are estimated to have fallen for the first time in 10 weeks in a Bloomberg survey before government data due Wednesday. America’s unexpected sanctions waiver for Iranian oil, record Saudi output and rising trade tensions have sent crude into a bear market.

[$$] Malaysia’s Anwar demands more than $600m in reparations from Goldman
Tue, 27 Nov 2018 04:00:26 +0000
Anwar Ibrahim, the likely future prime minister of Malaysia, has condemned Goldman Sachs’ role in the 1Malaysia Development Berhad scandal as “disgusting” and demanded reparations in excess of the $600m the bank gained in fees from the state investment fund. Mr Anwar said Goldman should return “significantly more” than the $600m the bank was paid for arranging three bond sales because “it’s a cost to the image of the country, it’s a cost to investments and now it’s a burden shouldered by the government because of the complicity of so many of these so-called credible, renowned financial institutions”. Goldman Sachs declined to comment on Mr Anwar’s remarks.

Day Ahead: Top 3 Things to Watch
Tue, 27 Nov 2018 01:01:00 +0000 – Here’s a preview of the top 3 things that could rock markets tomorrow.

Jim Cramer: I Can't Believe How Badly Many Huge, Important Stocks Have Performed
Tue, 27 Nov 2018 00:01:00 +0000
The question is not when will the bear market begin. It's when will it end. I tire of hearing that there has been a correction. I can't believe how badly many huge, important stocks have performed.

Goldman: Oil Prices Set For Rebound In 2019
Tue, 27 Nov 2018 00:00:00 +0000
Goldman Sachs believes that the price of oil and other commodities are set for a rebound next year and the first catalyst could come as early as this weekend as world leaders are expected to discuss the ongoing trade war between the U.S. and China

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