Goldman Sachs Group Crosses Below its 10-day MA (GS)
Goldman Sachs Group (NYSE:GS) shares have crossed bearishly below their 10-day moving average of $166.32 on a volume of 781K 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.
Goldman Sachs Group share prices have moved between a 52-week high of $218.77 and a 52-week low of $138.20 and are now trading 20% above that low price at $165.78 per share. 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