Goldman Sachs Breaks Up

Oct.19.10 | About: Goldman Sachs (GS)

While the financial world mostly focused on troubles at Bank of America (NYSE:BAC) on Tuesday, Goldman Sachs (NYSE:GS) quietly took out its summer highs after reporting earnings this morning. As shown below, the stock broke significantly above resistance during the trading day and managed to close just above its closing high on August 4th. Not everything in the Financial sector is struggling. (Click to enlarge)

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