Top Nav

Big Move Ahead for GOOG

Google (Nasdaq: GOOG) is a darling among the technology crowd, but its stock has not done a whole lot over the past year, as the shares continue to find resistance near $630. In fact, they dipped below that price after a recent earnings announcement in April.

But the stock also has a rising trendline that has provided support since August. This line has kept GOOG in a mild bullish trend over the past eight months.

The shares are trading roughly $10 away from resistance at $630 and trendline support at $600.

The trade is to buy GOOG on a move past $630. You may also want to sell GOOG on a move below $600. The upside target is a backtest of resistance at $660, while the downside target is $560.


Income and Prosperity Offer

Income & Prosperity is designed to help you seek out the safest income opportunities and discover an entire world of dividend investments. This free newsletter has a laser-like focus on one issue and one issue only: how can investors near or in retirement generate more income. Each day, you'll receive our best investment idea - skewed towards safe income - but also including lesser known opportunities to grow your wealth while keeping it out of harm's way.
You've successfully subscribed, click the link in your email to confirm your subscription.
There was an error, and you have not been subscribed, please try again.