Google downtrend
Monday, May 14, 2007
Chart courtesy of stockcharts

On Friday a judge ordered Google to face a jury trial in a trademark infringement suit that could hit its main source of ad revenue. Google shares were down 1% or 4.96$ today ended the session at 461.78$. The technical chart show a short downtrend in share price with MACD and RSI in Bearish territorywith K line below D line without any signal of improvement. For the first time since April stock price have closed below the 50 daily moving average, another Bearish signal.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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posted by Pro Investor Trader at 3:48 PM | Permalink


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