Goldman Sachs (GS): Death Cross
Goldman Sachs (GS) just flashed a death cross.
GS flashing death cross near its 52 week lows. That is not a good sign for the bulls.
The only thing to keep an eye is if this signal fails otherwise the bears will have ammo.
The death cross (technical formation when the 50-day moving average drops below the 200-day) can be used as a filter to help narrow down the field. Next, use the Seven Steps to Better Stock Trading to evaluate the sentiment and price action. Better yet, sign up for The Select 20 Stock Picks or use my free Total Indicator for eSignal.