Wednesday, June 16, 2010

Google Inc.(GOOG) - Lagging The Market


Above is a daily chart of Google Inc. and in the lower panel is the S&P500. As you can see the S&P is already making new highs for the month but GOOG has yet to break high. This stock is clearly lagging the market but for those of you who are bullish on this stock, the breakout level is at 509.25. Today Google Inc. closed at 501.27 which was up 3.28 from yesterday's close.

No comments:

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites