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Bullish Moving Average Cross by Goldman Sachs Group (GS)

By Nick Russo

Today, shares of Goldman Sachs Group (NYSE:GS) have crossed bullishly above their 10-day moving average of $216.61 on a volume of 810K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Goldman Sachs Group share prices have been bracketed by a low of $138.20 and a high of $255.15 and are now at $217.90, 58% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Goldman Sachs Group on March 22nd, 2017 by issuing a Downtrend alert when the shares were trading at $231.04. 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

Ticker(s): GS