TMCNet:  Watch for Google to Potentially Rebound After Falling 1.12% Yesterday

[February 25, 2013]

Watch for Google to Potentially Rebound After Falling 1.12% Yesterday

Feb 25, 2013 (SmarTrend(R) News Watch via COMTEX) -- Google (NASDAQ:GOOG) traded in a range yesterday that spanned from a low of $790.49 to a high of $808.41. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $791.22 on volume of 2.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.


SmarTrend recommended that subscribers consider buying shares of Google on November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $687.95. Since that recommendation, shares of Google have risen 15.6%. We continue to monitor GOOG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Google share prices have moved between a 52-week high of $808.97 and a 52-week low of $473.02 and are now trading 67% above that low price at $790.77 per share. The 200-day and 50-day moving averages have moved 0.58% higher and 1.22% higher over the past week, respectively.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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