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Sunday, May 8, 2011

Goldman Sachs Group Inc. (GS) Stock Analysis 5/8/11

The following is technical analysis on Goldman Sachs Group Inc (GS)  stock for May 09, 2011 
 
Goldman Sachs Group Inc GS  Resistance, pivot & Support Levels - 05/09/2011

Resistance levels: $154.41, $152.97, $151.53

Pivot point: $150.33

Support levels: $149.09, $148.09, $146.65

  
Shares of Goldman Sachs Group (GS) are trading near $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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