Goldman Sachs (GS) Offering Possible 12.11% Return Over the Next 8 Calendar Days

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Goldman Sachs’s most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $227.50 short put and a strike $222.50 long put offers a potential 12.11% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $227.50 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock dropped below the $222.50 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 66.48 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Goldman Sachs

Blackstone, GIC lead buyout of Goldman’s Rothesay Life stake
Wed, 09 Aug 2017 09:35:48 +0000
Goldman Sachs has sold its remaining stake in British pensions insurance business Rothesay Life to a trio of existing investors a decade after setting up the company. Blackstone Group, Massachusetts Mutual Life Insurance Company and Singapore sovereign wealth fund GIC have agreed to buy out Goldman’s 32.7 percent stake for an undisclosed sum.

Goldman Sells U.K. Insurer Stake to GIC, Blackstone, MassMutual
Wed, 09 Aug 2017 08:11:32 +0000
Blackstone Group LP, Massachusetts Mutual Life Insurance Co. and GIC Pte, Singapore’s sovereign-wealth fund, agreed to buy Goldman Sachs Group Inc.’s remaining stake in Rothesay Life Plc.

Big Technical Reversal Signal Confirmed For Stocks
Wed, 09 Aug 2017 01:32:00 +0000
The last good “outside day” was into the rally that stalled December 2, 2015 and it resulted in a 14% correction.

Morgan Stanley Tops Goldman Sachs With Biggest Japan Profit
Wed, 09 Aug 2017 00:33:03 +0000
Morgan Stanley beat Goldman Sachs Group Inc. to become the most profitable foreign securities firm in Japan last fiscal year after it boosted structured-product sales and managed the two biggest initial …

Cramer: The Market Feels More Treacherous Than It Looks
Tue, 08 Aug 2017 23:01:00 +0000
Three stocks did remarkable U-turns on no news at all.

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