A Fork in the Road for Goldman

On a technical level, Goldman Sachs (GS) is at an important crossroads. At the current juncture, a larger bullish pattern has been juxtaposed against a more recent bearish pattern that's been developing since the Feb. 19 high, when the stock began a relatively healthy decline in a nice stair-step pattern.

Now, if the stock is to follow the path of least resistance from here, we should be prepared for a failure somewhere below the April 15 swing high of $151.45. Below that level is a standout resistance decision that comes in between $146.04 and $148.42. If the price fails to clear that resistance, we can look at the zone to define risk for a short sale....392 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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