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Bullish Moving Average Cross by Goldman Sachs Group (GS)

By Amy Schwartz

Today, shares of Goldman Sachs Group (NYSE:GS) have advanced above their 10-day MA of $162.95 on a volume of 424K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Goldman Sachs Group has traded in a range of $138.20 to $218.77 and is now at $165.01, 19% above that low. 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 is monitoring the recent change of momentum in Goldman Sachs Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Goldman Sachs Group in search of a potential trend change.

Keywords: moving crosses goldman sachs group

Ticker(s): GS