Goldman Sachs’s most recent trend suggests a bearish bias. One trading opportunity on Goldman Sachs is a Bear Call Spread using a strike $370.00 short call and a strike $380.00 long call offers a potential 85.19% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $370.00 by expiration. The full premium credit of $4.60 would be kept by the premium seller. The risk of $5.40 would be incurred if the stock rose above the $380.00 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 47.11 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
Oil Retreats With OPEC+ Deal to Boost Supply, Threat From Delta
Mon, 19 Jul 2021 09:30:48 +0000
(Bloomberg) — Oil in London declined to the lowest level in five weeks after OPEC+ agreed to boost production into 2022, while a surge of the delta coronavirus variant threatened the rebound in the global economy.Brent futures lost as much as 2.9%. OPEC and its allies will add 400,000 barrels a day each month from August until all halted output is revived. A surge in virus cases from Asia to the U.S. drove equities lower. The dollar climbed, making commodities like oil that are priced in the U.
Zoom to Buy Five9 for $14.7 Billion to Boost Post-Covid Growth
Mon, 19 Jul 2021 06:20:30 +0000
(Bloomberg) — Zoom Video Communications Inc., whose online conferencing services took off during the Covid-19 pandemic, agreed to acquire Five9 Inc. for $14.7 billion, using its surging stock to expand into an adjacent market that could bolster revenue as lockdowns end.The value of the all-stock offer is $200.18 a share based on the closing price for Zoom’s common stock on Friday, compared with Five9’s $177.60 price on Friday, the companies said a statement Sunday. The target firm will become a
JPMorgan, Home Depot Lead 5 Dow Jones Stocks Near Buy Points
Sat, 17 Jul 2021 12:34:46 +0000
JPMorgan and Home Depot lead five Dow stocks to watch as they near buy points. Both have reported earnings.
Is The Biggest Bank Stock By Market Cap A Buy After Earnings Beat?
Fri, 16 Jul 2021 14:59:50 +0000
JPMorgan stock cleared a base this month, but the Fed signaled it may soon re-evaluate emergency measures from the pandemic.
Big U.S. Banks Crush Q2 Earnings, Is Loan Growth On The Cards?
Fri, 16 Jul 2021 12:29:15 +0000
The biggest U.S. banks reported stellar Q2 performances. While 2021 is turning out to be a weak revenue year, continued improvement in the broader economic environment, strong credit quality, and net reserve releases are significantly boosting the profitability of the top American banks. Furthermore, banks continue to return excess capital to shareholders through dividends and share buybacks. Though profitability improved in Q2, the lower interest rate environment remained a drag, putting pressu
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