Market Overview

Goldman Sachs Fails At $250 Area Again And Retreats

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Goldman Sachs Group Inc (NYSE: GS) shares are trading lower by $3.43 (1.3 percent) at $244.82 in Friday's session. There is no specific news out on the issue and is most likely just following the broad market lower.

For the third day in a row, it has found a seller at the $250.00 area. On Wednesday, it peaked at $250.28, on Thursday at $250.20 and came up shy of those highs on its opening print of $249.68.

The slow and steady decline from that higher opening print so far has taken the issue $244.71 and it's not far off that level. That marks the lowest level for the issue since it bottomed on February 13 at $244.49.

If the decline continues beyond that low, the next identifiable level based on the daily charts doesn't come in until its February 10 low ($241.23).

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