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Goldman Sachs Group Bullish Moving Average Crossover Alert (GS)

By Amy Schwartz

Today, shares of Goldman Sachs Group (NYSE:GS) have crossed bullishly above their 10-day moving average of $219.83 on a volume of 567K 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 $255.15 and a 52-week low of $138.20 and are now trading 59% above that low price at $220.08 per share. 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 recommended that its subscribers protect gains by selling shares of Goldman Sachs Group on March 22nd, 2017 by issuing a Downtrend alert when the shares were trading at $231.04. Since that call, shares of Goldman Sachs Group have fallen 4.9%. 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