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Rant & Rave Blog

Trading Opportunity: Goldman Sachs Group Inc (GS)

Posted by Gareth Soloway Thursday, May 18, 2017, 09:09AM ET

Read 364 times

Shares of Goldman Sachs Group Inc (NYSE:GS) is approaching a technical support level I intend to buy. The level is the daily 200 moving average as well as a former pivot. The stock is down from a 52 week high of $255.15 to its current level below $214.00. One more push down will tag that multi-support level and yield a likely bounce. The buy trade level is $210.00.

 


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