by John Lansing | November 12, 2010 10:44 am
Today’s chart of the day is Goldman Sachs Group, Inc. (NYSE: GS).
After breaking out to new multi-month highs, the stock has been consolidating in a bull flag/bullish pennant chart formation for the past four days, and will likely continue to do so today.
When the consolidation is over, we should see a breakout with a move to the $175 area some time in December.
You can buy the stock here or trade the GS Dec 175 Calls for around $2.
Source URL: http://investorplace.com/2010/11/chart-of-the-day-goldman-sachs-gs/
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