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JimVanMeerten (56.68)

Is Goldman Sachs a bargain?



June 06, 2011 – Comments (0) | RELATED TICKERS: GS

One of the stock that has really been taking it on the chin lately isGoldman Sachs (GS). Now might be the time to put it on your watch lists since the stock is so depressed, and there might be an opportunity to pick up a few share cheap.  Price momentum has currently been negative so let's look at the possibilities. When the market (notice I didn't say economy) recovers they are placed to take advantage.

Goldman Sachs (GS) is a global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals.

Barchart Technical Indicators:

1 - 96% Barchart technical sell signals

2 - Trend Spotter sell signal

3 - Below its 20, 50 and 100 day moving averages

4 - 23.04% off its recent high

5 - Relative Strength Index 31.33 and still falling

6 - Trades around 134.74 which is below its 50 day moving average of 148.94

7- Short interests,  believe it or not is not excessive and has stayed at a steady 1 day's volume for some time

Jim Van Meerten is a Marketocracy Master

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