Goldman Sachs Group, Inc. (The)(GS) is in an downtrend but momentum is showing some life

(28-Jan-2008) (28-Jan-2008) Goldman Sachs Group, Inc. (The)(GS) closed at 196.25, up 4.88 or 2.55 % for the day. Based on our analysis, Goldman Sachs Group, Inc. (The)(GS) is in an downtrend but momentum is showing some life.

The closing price of Goldman Sachs Group, Inc. (The)(GS) is below its 50 day moving average of 208.54 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Goldman Sachs Group, Inc. (The)(GS) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 23-Jan-2008, about 5 trading days ago.