Rich Ross Is Bullish On Goldman Sachs

by Craig Jones, Benzinga Staff Writer

June 1, 2017 4:33 PM | 1 min read | Make a Comment

Rich Ross of Evercore ISI shared with the viewers of

his trading idea in

Goldman Sachs Group IncGS

He said the stock pulled back around 18 percent of its March highs, which is a one third retracement of its move higher from the October lows. He added that

Goldman Sachs

is currently trading close to its 200-day moving average, and he sees this price level as a critical support.

Ross believes that the stock is oversold and he wants to take a long position. He would also place a stop loss at $210.

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Posted In: CNBC Long Ideas Media Trading Ideas Evercore ISI Rich Ross

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