Trade Idea - Goldman Sachs
Enviado: 11/12/2008 22:59After the spectacular surge in November, the stock has traded in a narrow converging triangular range for about 3 weeks. Given its past behavior, the quiet move in this stock is not likely to continue, it could be up or down. There is a strong support level at the $67-$68 range. A breach of this range would lead to a sharp decline. For the moment, only a close above $74 would impart a positive trend. Existing holders may remain invested with a stop loss at $67.28.