Google Support Range Nears

Google Inc. (NASDAQ:GOOG) is selling sharply again on overall market weakness. It is trading lower today at 556.88, -12.68 (-2.23%). Google has been hammered over the last month and down sharply off the 2011 and 52 week highs. On January 19th, the stock hit its 2011 and 52 week high at $642.96. Since that point, Google has fallen sharply, hitting a low today of $556.06. Investors are watching this with fear in their eyes while smart traders are beginning to scope out the charts, looking for the right level for a multi day bounce. According to the chart, this level will be at the 200 moving average on the daily which also coincides with a key gap fill. This level is between $547.00 and $550.00. Google is not far away.

About Gareth Soloway 168 Articles


Gareth Soloway has been an avid swing and day trader since his days at Binghamton University where he studied Economics. After college, Gareth quickly excelled as a financial advisor, helping clients get their financial houses in order. While helping others gain financial independence, he continued to study the day trading and swing trading world, developing a unique market philosophy and proprietary methods. Following his work in the financial sector, Gareth went on to trade alongside professional traders. Unable to tolerate the hype of Wall Street any longer and having an amazing ability to profit using his developed techniques, Gareth Soloway decided to partner with his friend and colleague, Nicholas Santiago to form Chief Market Strategist Gareth Soloway serves as the president and CFO of InTheMoneyStocks.Com.

Visit: InTheMoneyStocks

Be the first to comment

Leave a Reply

Your email address will not be published.