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Goldman Sachs Group Bearish Moving Average Crossover Alert (GS)

By Shiri Gupta

Goldman Sachs Group (NYSE:GS) shares have crossed bearishly below their 10-day moving average of $157.72 on a volume of 1.0 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Goldman Sachs Group have traded between a low of $139.05 and a high of $218.77 and are now at $156.61, which is 13% 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 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