Goldman Sachs's most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $410.00 short call and a strike $420.00 long call offers a potential 42.86% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $410.00 by expiration. The full premium credit of $3.00 would be kept by the premium seller. The risk of $7.00 would be incurred if the stock rose above the $420.00 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 at 42.2 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 CEO says Hong Kong, China travel curbs to impact talent
Wed, 17 Nov 2021 10:31:45 +0000
Goldman Sachs CEO David Solomon said on Wednesday that he does not expect Hong Kong and China to ease their tight travel restrictions anytime soon and this posed a challenge for staff. “I think there are some challenges, China, Hong Kong have a certain approach right now to COVID and therefore they are relatively closed,” Solomon said at the Bloomberg New Economy Forum in Singapore. “I haven't been to Hong Kong or China and don't expect that I'll be able to go for quite some time.”
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