Sunday, June 24, 2007

I'm Watching GOOG This Week



GOOG showed excellent relative strength over the past 5 days in the face of a weak stock market. Notice how GOOG is right at new all time highs. This stock looks very bullish to me for a short-term swing trade.

GOOG also had a breakout from an inside week which is something that I've written about on this blog many times.

Keep an eye on this stock this week, we may see a nice rally.

1 comment:

chiu said...

What kind of strategy to play this GOOG potential run ?

For option, a bull put vertical spread might be a good one, just need to pick a good strike price.

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