GOOG close above $700
Wednesday, October 31, 2007
Chart courtesy of stockcharts

Shares of Google were up today more than 1.7% to a new historical closing level at $707 a new 52 week high. At this level GOOG looks like it could go either way here depending on the markets mood, but with High Overbought conditions we should see soon a small pull back to test support, the previous breakout area, It's amazing the quantity of traders Bullihs on stock. Looking at the chart above the stock is still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average. Keep an eye on GOOG tomorrow, for a possible new highs.

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 3:14 PM | Permalink


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