Shares of Goldman Sachs Group (NYSE:GS) traded today at $156.72, breaking its 52-week high. This new high was reached on approximately average trading volume as 3.5 million shares traded hands, while the average 30-day volume is approximately 4.5 million shares.

Goldman Sachs Group (NYSE:GS) is currently priced 6.0% above its average consensus analyst price target of $146.68. The stock should discover initial support at its 50-day moving average (MA) of $134.98 and subsequent support at its 200-day MA of $114.21.

The Goldman Sachs Group, Inc., a bank holding company, is a global investment banking and securities firm specializing in investment banking, trading and principal investments, asset management and securities services. The Company provides services to corporations, financial institutions, governments, and high-net worth individuals.

Goldman Sachs Group share prices have moved between a 52-week high of $156.72 and a 52-week low of $90.43 and are now trading 73% above that low price at $156.07 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of Goldman Sachs Group on October 5th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $119.99. Since that recommendation, shares of Goldman Sachs Group have risen 28.8%. We continue to monitor GS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.