Google (GOOG) Kissing Master Resistance

Google Inc (NASDAQ:GOOG) is trading at $802.38, +9.48 (1.20%). This is a new all time high and Wall Street is cheering. In the short term Google appears to be very strong but there is a master level approaching at $810.00. This is a pivot cycle point which will be an inflection point on the stock. It should start heading south by early next week if this level is tagged.

While some might be skeptical on the pivot point gathered by my proprietary calculations known as the PPT Methodology, what cannot be argued is the massive insider selling going on. If that does not send major warning signals to shareholders, nothing will.

Just in the last month Eric Schmidt, one of the founding fathers of Google reportedly sold half his entire stake, 3.2 million shares. In addition, countless other insiders are dumping at a record pace. For a stock that appears unstoppable, something is amiss.

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.

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