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After Yesterday's Rally of 2.40% Shares Could Potentially Pullback

By Nick Russo

Goldman Sachs Gp (NYSE:GS) traded in a range yesterday that spanned from a low of $206.74 to a high of $208.37. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $205.45 on volume of 2.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Goldman Sachs Gp have traded between a low of $151.70 and a high of $262.50 and are now at $206.74, which is 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

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: rebounders goldman sachs gp

Ticker(s): GS