Goldman Sachs (GS) is approaching resistance at the $161-162 area. If it can break through that and the 200-day moving average I would put a price target of $170-175 on the stock.
It may not reach the 200-day moving average today as it is outside of its R3 pivot level already, but if it can consolidate some and and provide a secondary breakout, the return could be extremely nice.Â
