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Bullish Moving Average Cross by Goldman Sachs Group (GS)

By Nick Russo

Goldman Sachs Group (NYSE:GS) shares have crossed bullishly above their 10-day moving average of $165.37 on a volume of 398K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Goldman Sachs Group share prices have moved between a 52-week high of $218.77 and a 52-week low of $139.05 and are now trading 19% above that low price at $165.78 per share. The 200-day and 50-day moving averages have moved 0.62% lower and 1.19% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Goldman Sachs Group on March 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $154.51. Since that recommendation, shares of Goldman Sachs Group have risen 6.2%. We continue to monitor GS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses goldman sachs group

Ticker(s): GS