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Look for Shares of Goldman Sachs Gp to Potentially Pullback after Yesterday's 3.62% Rise

By David Diaz

Goldman Sachs Gp (NYSE:GS) traded in a range yesterday that spanned from a low of $203.86 to a high of $207.29. Yesterday, the shares gained 3.6%, which took the trading range above the 3-day high of $201.27 on volume of 1.2 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 $234.06 and are now at $207.10, which is 37% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has risen 0.4%.

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