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Look for Shares of Goldman Sachs Gp to Potentially Rebound after Yesterday's 1.38% Sell Off

By Shiri Gupta

Goldman Sachs Gp (NYSE:GS) traded in a range yesterday that spanned from a low of $263.91 to a high of $270.78. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $267.04 on volume of 1.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Goldman Sachs Gp share prices have been bracketed by a low of $138.20 and a high of $275.31 and are now at $264.29, 91% above that low price. 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 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