Don’t forget about Google, that’s something I never thought I would say. Nut amid the hoopla of Apple Inc. (AAPL) and other high flying mo-mo stocks, Google Inc. (GOOG) has been forgotten somewhat by active traders. The stock is not leading the market and remains off highs, but I think it’s in the game for higher prices above the $620 area.
GOOG has been basing since earnings and now the pattern is getting tight. I would be in tier one around here, and will look to add if it ignites through $620. The first move is $624-626 for cash flow, and then will look to hold smaller core for new highs at some point this year. Stop would be $613.
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Disclosure: Long GOOG