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Look for Shares of Goldman Sachs Gp to Potentially Rebound after Yesterday's 2.66% Sell Off

By James Quinn

Goldman Sachs Gp (NYSE:GS) traded in a range yesterday that spanned from a low of $173.68 to a high of $176.88. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $176.75 on volume of 1.6 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, shares of Goldman Sachs Gp have traded between the current low of $0.00 and a high of $250.46 and are now at $0.00. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 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