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Goldman Sachs Group, Inc. (The)Goldman Sachs Group, Inc. (The)Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The)

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GS trade ideas

Goldman Sachs - Not looking good...If you are looking for a large cap stock to short, Goldman Sachs might just be a good one to look at. Fundamental The fundamentals for Goldman is showing signs of concern - 1) Revenue has been falling for the past 3 years; 2) Net income has been hovering without growth for the past 5 years; 3) Operating and free cash flow has been falling for the past 2 years; 4) ROA is hovering below 1.00 (industry average is currently 2.85%); and 5) ROE is hovering below 10. Technical Price has completed a 5-wave structure since June 2016, and we are currently seeing a potential development of an ABC structure towards 185.1 - 182.8 region. Combining the fundamental and technical development, I will have my bias on shorting GS in the short term.
NYSE:GSShort
by KarYong
GS Long from 205.50-204.50After GS top of 255 This Winter, It now approaches a critical target price of 205$. Today it trades at 213$ a share. GS is a buy at 205-204, however, if it slips below 200 and holds at 199-198, then we will likely see a decline of at least another 15 points, likely finding a bottom around 185 or 178. IF it does not find a bottom even at 178, we will likely see another decline, this time toward 155 or 150 dollars a share. These are the options for price bottoms right now.
NYSE:GS
by davesp1903