Google beat Wall Street Analyst's estimates and the stock is surging to new highs today, up 8% in early trading. The stock has been on quite a run since July, running from mid 500s to the mid 700s. This stock has caught fire.
The big question is - what to do now? As with the last pop Google experienced, there will likely be an opportunity to get in below 740. Be patient, watch for the new range to be established and wait for the inevitable profit taking to hit. It always does. But for today - people long Google stock - light a cigar.
Short term rating = HOLD
Long term rating = BUY
The big question is - what to do now? As with the last pop Google experienced, there will likely be an opportunity to get in below 740. Be patient, watch for the new range to be established and wait for the inevitable profit taking to hit. It always does. But for today - people long Google stock - light a cigar.
Short term rating = HOLD
Long term rating = BUY