The Chart of the Day belongs to Goldman Sachs (NYSE: GS). I found the investment brokerage stock by using Barchart to sort the Russell 3000 Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 10/7 the stock gained 4.69%.

Goldman Sachs is a global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals.

Goldman Sachs is a global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals.

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 9.15% in the last month
  • Relative Strength Index 69.63%
  • Technical support level at 172.33
  • Recently traded at 177.75 with a 50 day moving average of 168.77

    • Fundamental factors:

  • Market Cap $72.07 billion
  • P/E 11.00
  • Dividend yield 1.48%
  • Revenue expected to grow 5.40% next year
  • Earnings estimated to increase 12.60% next year and continue to compound at an annual rate of 16.56% for the next 5 years
  • Wall Street analysts issued 5 strong buy, 1 buy, 8 hold a 1 sell recommendation on the stock
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