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SmarTrend Watching for Potential Rebound in Shares of Goldman Sachs Gp After 1.14% Loss

By Nick Russo

Goldman Sachs Gp (NYSE:GS) traded in a range yesterday that spanned from a low of $252.87 to a high of $262.25. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $254.54 on volume of 6.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Goldman Sachs Gp has traded in a range of $138.20 to $275.31 and is now at $255.02, 85% above that low. Over the last five market days, 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