Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $165.00 short put and a strike $155.00 long put offers a potential 13.25% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 by expiration. The full premium credit of $1.17 would be kept by the premium seller. The risk of $8.83 would be incurred if the stock dropped below the $155.00 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 70.98 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 sued in Singapore penny stock saga
Fri, 29 Nov 2013 20:02:46 GMT
Reuters – A shareholder who suffered losses in a penny stock trading debacle in Singapore is suing Goldman Sachs, accusing the investment bank of arbitrarily selling her holdings and saying the sales contributed to a crash in their prices. Last month, Blumont Group Ltd, Asiasons Capital Ltd and LionGold Corp Ltd – three firms interlinked by cross shareholdings and common officers – lost a combined market value of about S$8 billion ($6.4 billion) in just three days of trading. Both the crash and huge run-ups in their share prices earlier in the year left many in the market mystified, prompting the Monetary Authority of Singapore and the stock exchange to launch an extensive review. The lawsuit was filed in the High Court in London on November 20 by Quah Su Ling, who held stocks in all three companies and is the chief executive of investment firm IPCO International Ltd, the second-largest shareholder in Blumont.
GOLDMAN SACHS GROUP INC Files SEC form 8-K, Financial Statements and Exhibits
Fri, 29 Nov 2013 19:10:26 GMT
Goldman Leads on Weak ‘Hangover Friday' for Bank Stocks
Fri, 29 Nov 2013 18:24:00 GMT
TheStreet – Most bank stocks headed lower during an abbreviated trading session following the Thanksgiving holiday.
The market's weekly winners and losers
Fri, 29 Nov 2013 17:41:22 GMT
CNBC – The retail industry looms large in this week's market winners and losers, and considering it's Black Friday, no surprise there.
Increased Global Demand Aids India’s Mild Recovery
Fri, 29 Nov 2013 17:31:45 GMT
New York Times – A three-month growth spurt at rate of 4.8 percent was led by banking and insurance.
Also on Market Tamer…
Follow Us on Facebook