Wednesday, August 22, 2007

Global 1 Capital Markets: Market Update: Goldman Sachs breaks below $177.50

GS broke below support of $177.5o its opening today...the traders appear to know something about GS in the market and are selling the stock off. GS has broken below the 5 day MA of $177.16.


Technical analysis of GS:

GS at the open had the following technical indicators:

5 day MA--$178.94

15 day MA--$175.50

60 day MA--$174.50