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Monday, May 2, 2011

Goldman Sachs Group Inc. (GS) Stock Analysis 5/2/11

The following is technical analysis on Goldman Sachs Group Inc (GS)  stock for May 02, 2011 
 
Goldman Sachs Group Inc GS  Resistance, pivot & Support Levels - 05/02/2011

Resistance levels: $154.10, $153.07, $152.04

Pivot point: $150.84

Support levels: $149.81, $148.61, $147.58

  
Shares of Goldman Sachs Group (GS) are trading under $150 last week which is support level.Share is trading  under all moving average which is bearish  in technical side.Short term resistance area is $152 which is 9 day moving average.Goldman Sachs does not have any major resistance until $175.50 area need to watch now. Goldman Sachs is now a strong buy below $150. 

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