The following is stock technical analysis on Goldman Sachs Group Inc. (GS) for April 19, 2010
Goldman Sachs Group Inc. (GS) Support & Resistance Levels - 4/19/10
Resistance Levels: $168, $170, $176, $187
Support Levels: $160, $157, $155.50
Chart - http://www.stockcharts.com/
Shares of Goldman Sachs Group Inc. failed at $187-$190 resistance on Friday and then got crushed as the SEC charged the company with fraud. Goldman Sachs Group Inc now has support at $160, but if $160 fails and the stock breaks back down through $157, I think you have to move to the sidelines. On the upside, there will be resistance located at $168-$170. Earnings are due out before the open on Tuesday which are expected to be very strong!
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