The following is technical analysis on Goldman Sachs Group Inc. (GS) for October 15, 2009Goldman Sachs Group Inc. (GS) Support & Resistance Levels - 10/15/09
Resistance Levels - $201.42, $210
Support Levels - $187, $173.21
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Goldman Sachs Group Inc. (GS) will be releasing earnings Thursday morning. GS is expected to post around $4.25 in EPS.
As for a the technicals, the stock is getting close to a major resistance level which hasn't seen seen since May 2008. I am watching $201.42 closely. If GS closes above this level, it could set up a move to $220-$240 by the end of the year. I would then want to keep a stop loss order at $195.On the downside, I like pullbacks to the 50 day moving average located at $173.21. For More Technical Analysis - Go Here
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