Google has rebounded from a vicious sell-off, but the inability to recover the moving averages has led the 50 DMA to roll over the 200 DMA. On the chart - you see it represented by the blue line pushing below the red. When your short term direction falls below your long term direction - you get an important inflection in the stock. Google has made a series of lower highs and is now poised to make a fresh run at the recent lows if the 50 DMA isn't eclipsed as it falls. However, I view this as temporary momentum selling and I haven't changed my opinion on the company one bit. It earns bucket fulls of cash and should be bought on any weakness below 550.