Bullish Moving Average Cross by Goldman Sachs Group (GS)
Today, shares of Goldman Sachs Group (NYSE:GS) have advanced above their 10-day MA of $145.78 on a volume of 934K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Goldman Sachs Group have traded between a low of $138.20 and a high of $218.77 and are now at $146.02, which is 6% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.8%.
SmarTrend recommended that its subscribers protect gains by selling shares of Goldman Sachs Group on May 16th, 2016 by issuing a Downtrend alert when the shares were trading at $155.75. Since that call, shares of Goldman Sachs Group have fallen 6.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses goldman sachs group