Google popped today with the general market - rising by almost 3 percent in decent volume on belief the Greece situation is heading towards a deal. What does this mean for Google? Can the stock emerge from a long side-ways trading pattern (much like the broader market) - or will this pop turn out to be yet another profit taking opportunity?
Right now - until this market busts out in one direction or the other - I consider all stocks 'range bound'. Simply - buy at the low end of the range - sell at the top end of the range.
I'm not looking to buy Google here.
Short term rating = HOLD
Long term rating = BUY
Right now - until this market busts out in one direction or the other - I consider all stocks 'range bound'. Simply - buy at the low end of the range - sell at the top end of the range.
I'm not looking to buy Google here.
Short term rating = HOLD
Long term rating = BUY