A look at The Goldman Sachs Group Inc. — Finally Passing the Test?

by DAN The Goldman Sachs Group Inc. ($GS) averages are at $163.05 (21 day SMA), $169.41 (50 day SMA), $162.43 (200 day SMA). Over the past 52 weeks GS has traded from a low of $137.29 to a high of $181.13. GS was last at $168.03 on a volume of 2,198,700. Average daily volume has been at 3,243,711.

52 Week Range $137.29-$181.13 Market Cap 76,351,355,916 Average Volume 3,243,711 Dividend Yield 1.32% Institutional Ownership 73.30% Insider Ownership: 3.40% Percentage of Float Short 1.70% Beta 1.71

Goldman Sachs (GS) had been bouncing along the 200-day moving average during the entire month of February. After repeatedly trading below the 200-day moving average, the stock is bouncing decisively off that key indicator and establishing it as viable support.

Technical traders will look at the series of five lows since April of last year. From this obvious pattern, they’ll likely be buying this stock right now.

Goldman Sachs Group, Inc. is a investment banking, securities and investment management firm. Its segments include Investment Banking, Trading and Principal Investments, Asset Management and Securities Services.

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