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Shares of Goldman Sachs Gp Has Fallen Below Previous 52-Week Low

By Amy Schwartz

Shares of Goldman Sachs Gp (NYSE:GS) traded today at $213.02, breaking its 52-week low. This new low was reached on below average trading volume as 793,000 shares traded hands, while the average 30-day volume is approximately 2.4 million shares.

Goldman Sachs Gp share prices have moved between a 52-week high of $275.31 and the current low of $213.02 and are currently at $213.60 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.2%.

Potential upside of 28.3% exists for Goldman Sachs Gp, based on a current level of $213.60 and analysts' average consensus price target of $274.00. The stock should run into initial resistance at its 50-day moving average (MA) of $232.34 and subsequent resistance at its 200-day MA of $243.10.

The Goldman Sachs Group, Inc., a bank holding company, is a global investment banking and securities firm specializing in investment banking, trading and principal investments, asset management and securities services. The Company provides services to corporations, financial institutions, governments, and high-net worth individuals.

SmarTrend is tracking the current trend status for Goldman Sachs Gp and will alert subscribers who have GS in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows goldman sachs gp

Ticker(s): GS