Tuesday, July 16, 2019 12:17:54 PM
This morning, leading financial stock, Goldman Sachs Group Inc (NYSE:GS), is trading higher after reporting earnings. The financial giant is trading higher by $2.77 to $214.35 a share as investors celebrate the company's results. Many traders and investors are wondering how high could GS stock go before it stalls out. After all, the stock has been rising since June 3rd when it traded as low as $180.73 a share. Traders and investors can easily see that the stock will face major resistance around the $220.00 area. This key resistance level is where the stock broke down on volume back in early November 2018. Often, when a stock retraces back up to its former break down level it will be met with major selling pressure. Remember, there are traders and investors that have been holding the equity from that time and will usually look to get out of the stock when given the chance to get back to break-even.
Nicholas Santiago
InTheMoneyStocks
Recent GS News
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
