OptionsPlay DailyPlay

The DailyPlay we chose for Thursday April 30th is The Goldman Sachs Group, Inc. (GS). GS is part of the Financials Sector (XLF). XLF has experienced a 4.87% move higher over the last three months. Both 1-month and 6-month trends are bullish as it crosses above its 50-day moving average with a resistance level at $24.90.

Goldman Sachs has been in a strong bullish trend since the middle of February. With a technical score of 6 (out of 10) and the continuation of positive momentum, we are looking for it to continue higher.

View this trade idea on $GS