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jamison.gaddy
Apr 3, 2016 12:34 AM

GS is in Distribution 

Goldman Sachs Group, Inc. (The)NYSE

Description

Goldman continues to show signs of distribution an addition to trading with a descending channel. Prices recently created a spring that is capable of pushing prices into "overbought" ranges relative to the trading channel. If buying volume remains contracted into resistance it is likely going to provide a low risk short

Good Luck!
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