Goldman Sachs (GS) Offering Possible 46.63% Return Over the Next 10 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 $230.00 short call and a strike $235.00 long call offers a potential 46.63% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $230.00 by expiration. The full premium credit of $1.59 would be kept by the premium seller. The risk of $3.41 would be incurred if the stock rose above the $235.00 long call 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 down which suggests that the medium-term momentum for Goldman Sachs is bearish.

The RSI indicator is at 46.15 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

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Oil Notches 4th-Straight Weekly Gain Despite Sentiment Turn
Fri, 05 Oct 2018 22:40:00 +0000
Investing.com – Crude oil markets notched their fourth-straight weekly gain for their longest winning streak since May, with focus remaining on upcoming U.S. sanctions against Iran, despite mixed price settlements on Friday.

Goldman's Petershill Is Near General Catalyst Stake Deal
Fri, 05 Oct 2018 21:01:10 +0000
If an agreement is reached, it would be Petershill’s first investment in a venture capital firm, said one of the people, who asked not to be identified because the matter is private. It would also be one of the first venture capital stake deals by any firm dedicated to buying pieces of alternative asset managers.

Will Citigroup’s Operating Efficiency Continue to Improve in Q3?
Fri, 05 Oct 2018 20:55:02 +0000
Can Citigroup Keep the Earnings Streak Alive in Q3 2018? Among major bankers, Citigroup (C) has been operating with lower credit costs and an improved efficiency ratio of 56%–59% over the past few quarters. Between the second quarter of 2017 and the second quarter of 2018, Citigroup’s efficiency ratio fell from 59% to 58%.

Crude Advances For Fourth Week as Supply Jitters Stoke Concern
Fri, 05 Oct 2018 20:00:07 +0000
Futures were little changed in New York on Friday, ending the week 1.5 percent higher. Prices may hit $100 a barrel this autumn as U.S. pressure stymies exports from Iran, OPEC’s No. 3 producer, according to Russian Energy Minister Alexander Novak. Saudi Arabian Energy Minister Khalid Al-Falih said the kingdom is boosting production and will supply needy refiners.

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