Goldman (GS) Ticking Lower

Shares of Goldman Sachs Group, Inc. (GS) have been falling all day and continue to be under pressure again this afternoon despite the small rally in the Dow Jones Industrial Average earlier. Currently, the stock is down 1.19%, after breaking its 200 EMA/$159.41. The firm has traded above its 200 day since late October. Short term traders should watch the $156.14 level as the next important support area, then the $154.55. These levels is where GS could see a small bounce.

GS currently trades at a 1.77x on a price to sales basis. The equity has a trailing P/E of 12.05, a forward P/E of 8.42 and a P/E to Growth ratio of 0.79. The median Wall Street price target on the stock is $197.00 with a high target of $243.00.

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About Ron Haruni 1070 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

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