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Goldman Sachs Group Crosses Below its 10-day MA (GS)

By Nick Russo

Goldman Sachs Group (NYSE:GS) shares have crossed bearishly below their 10-day moving average of $225.78 on a volume of 562K shares. This may provide short-term investors a chance 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 $138.20 and a high of $255.15 and are now at $225.58, which is 63% 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 is tracking the current trend status for Goldman Sachs Group and will alert subscribers who have GS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses goldman sachs group

Ticker(s): GS