Shares of Google rose more than 3% to 457.55$. The Web search leader’s CEO said Tuesday that it will take time for its recently acquired YouTube online video-sharing service to become a major source of sales and profit for the company. The technical chart shows weakness as the stock is below 50 dma and MACD below 0 , however today stock has gained some momentum after broken 450$ the previous support. To the upside the first objective is the trendline at 470.

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Labels: GOOG