Goldman Sachs Hitting New 52-Week Low at $128.29

Many traders and investors see the 52-week high or low as an important indicator. Stocks that have a long-term trend in a certain direction are likely to continue, as that trend is the path of least resistance. In this case, shares of Goldman Sachs GS are hitting new 52-week lows. Traders and investors believe this to be a negative indicator that the stock will continue its trend.