By: Scott Redler
Goldman Sachs (GS) put in a nice outside day. It traded through $167, yesterday’s low and then trade back through–the RedDog Reversal Trade. We are now long GS from an average price right around $167 with a stop at today’s lows of $166.12. Depending on your timeframe, take trades and lock in profits along the way. We are interested to see if the stock can retake its 50-day moving average at about $169.50. Take a look at the chart below for more detail.
