Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $205.00 short put and a strike $195.00 long put offers a potential 9.05% 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 $205.00 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $9.17 would be incurred if the stock dropped below the $195.00 long put 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 up which suggests that the medium-term momentum for Goldman Sachs is bullish.
The RSI indicator is at 57.92 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
Banks’ New Messaging Startup Gets Questions from Regulator
Thu, 23 Jul 2015 04:07:53 GMT
The Wall Street Journal – New York’s top banking regulator has asked Symphony Communication Services, an instant-messaging software company soon to be used by some of the world’s biggest banks, about its plans for deletion and …
Goldman Gets More Bearish on Metals, Cuts Copper Outlook
Thu, 23 Jul 2015 02:33:00 GMT
Goldman Getting Even More Bearish on Metals Cuts Copper Outlook
Thu, 23 Jul 2015 02:33:00 GMT
Copper Slumps to Two-Week Low as Goldman Gets Even More Bearish
Thu, 23 Jul 2015 02:20:09 GMT
Goldman Downgrades Copper, Sees 7-Year Bear Cycle
Thu, 23 Jul 2015 01:32:00 GMT
Barrons.com – Goldman Sachs has been bearish on copper for the last two and half years and the bank just got even more pessimistic. Goldman overnight downgraded copper, seeing its price to fall to $4,500/ton by the …
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