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Goldman Sachs Group Bullish Moving Average Crossover Alert (GS)

By David Diaz

Today, shares of Goldman Sachs Group (NYSE:GS) have advanced above their 10-day MA of $149.62 on a volume of 946K 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 $139.05 and a high of $218.77 and are now at $150.09, 8% above that low price. The 200-day and 50-day moving averages have moved 0.56% lower and 0.81% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Goldman Sachs Group on May 16th, 2016 by issuing a Downtrend alert when the shares were trading at $155.75. Since that call, shares of Goldman Sachs Group have fallen 6.5%. 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