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Goldman Sachs (GS) Showing Support Near $245.09

Dec 06, 2017 (Marketintelligencecenter.com via COMTEX) --

Goldman Sachs (<a href="http://www.marketintelligencecenter.com/symbol/GS">GS</a>) closed Dec 5, 2017 at $248.33 and technical indicators recently have been bearish. With those figures in place, the algorithms behind MarketIntelligenceCenter.com's Artificial Intelligence Center have identified a couple of attractive trading opportunities in Goldman Sachs for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 18, 2019 $130 call and a short position in the Jan 19, 2018 $245 call for a net debit of about $110.45. This trade has an assigned return of 4.11% and 3.17% downside protection. For more a more conservative play, look at a covered call using the Jan 19, 2018 $245 call for a $110.45 net debit. This trade has an assigned return of 2.77% but the downside protection increases to 4%. Over the last 52 weeks the stock has traded between $209.62 and $255.15.A

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