( Yesterday close ) Chart courtesy of stockcharts

Google has found a strong support around the $500 level. After dropping more than 25 percent in the last three months, stock starts to show some stabilization at the current level. Over the last two sessions, Google’s stock has nicely reacted to the $500 mark, due to this fact is very likely to see from now on a good rebound, however this movement should be seen as confirmed just whether occurs with heavy volume. Looking at overall stock picture of stock, the scenario still weak, with 50 day moving average now below 200 day moving average. So, stay tuned on Google to buy when signal comes.

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