Goldman Sachs (GS) Offering Possible 5.71% 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 $165.00 short call and a strike $175.00 long call offers a potential 5.71% 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 $165.00 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $9.46 would be incurred if the stock rose above the $175.00 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 28.18 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

Chinese pork giant WH Group, shareholders plan $5.3 bln IPO-term sheet
Thu, 10 Apr 2014 00:27:22 GMT
Reuters – China's WH Group Ltd, the world's largest pork processor, launched on Thursday a Hong Kong initial public offering of up to $5.3 billion, according to a term sheet seen by Reuters. The company and some …

U.S. lawmaker wades into aluminum warehousing controversy
Wed, 09 Apr 2014 22:47:15 GMT
Reuters – A U.S. congressman has urged the U.S. commodity regulator to take a tougher stance on the London Metal Exchange as it struggles to resolve a years-long controversy over inflated prices and distorted supplies of aluminum. The comments – his first in public – show that the issue that has drawn political, legal and regulatory scrutiny for the past year has a growing support base, with end-users finding new allies on Capitol Hill to press their case. Bob Goodlatte, who chairs the House Judiciary Committee, was speaking as a member of the House Committee on Agriculture, which adopted a bill to rewrite the rules governing the Commodity Futures Trading Commission. “The CFTC acknowledges that they have the authority to regulate and investigate concerns about the aluminum supply,” said Goodlatte, a Virginia Republican.

Cocktail Hour: American CEOs' Favorite Drinks
Wed, 09 Apr 2014 22:16:50 GMT

Goldman Sachs committed to Brazil operations -COO Cohn
Wed, 09 Apr 2014 21:26:00 GMT
Reuters – Goldman Sachs Group Inc is committed to maintaining its investment-banking operations in Brazil as part of its global footprint, Chief Operating Officer Gary Cohn said on Wednesday. The size of the unit will reflect business opportunities, Cohn said, adding that Goldman Sachs has not missed any major transactions in the country over the past year. More than 20 bankers left Goldman's investment-banking and wealth management divisions in Brazil since June as the lender slowed down plans to expand in the country more aggressively.

Bulls Charge the Street as Traders Cheer FOMC Minutes
Wed, 09 Apr 2014 20:00:10 GMT

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