Google upgraded
Friday, October 05, 2007
Shares of Google will be also in focus today after Nollenberger raised its price target to $650 from $575. Google has had a nice run over the past month and today could have a great opportunity to breakout $596 resistance after this news. Looking at the chart, stock is trading in a Bull Market with a lot of strength to move up, indicators still showing a strong performance however stock have recently reached Overbought which will put some brakes at this levels, so let's see what will happen today. Go Google !!!!
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