Chart courtesy of stockcharts

Google shares were up today just 0.55% or $2.81 closing at $515. Google has been a monster stock since it went public a couple of years ago. The stock has come down since its highs on January. According to the chart above it looks like it is finding a big resistance to break 50 daily moving average. It’s clear on chart that stock is moving in a downtrend channel, however during this week Bullish MACD crossover. Pay attention next week on GOOG for a posible breakout over $521.30.

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.

Labels: GOOG