$GS

$GS has reached new Quad 2 lows, signaling near-term downside momentum and a deteriorating technical trend for the shares.

Goldman Sachs has broken below $500 and its 50-day moving average, with continued downside follow-through confirming a guilty-until-proven-innocent chart.

$GS broke its established trend today, signaling a near-term deterioration in the stock’s technical direction and price momentum.