Google is deep in the red today, down over three percent in early trading. Looking at the chart, this could be one of two things. It might simply be profit taking after a huge run from 618 - indeed, it's hard not to take profits from such a move in a short period of time. Or - the second thought is it could be a rejection of the attempt to drive towards new highs.
Watch how the stock closes the trading session today for a clue. Does it close weaker than the current pricing or do the bulls manage to trim these losses? That could be key. Above or below 680 - watch that level.
Short term rating = HOLD
Long term rating = BUY (not at current pricing however)
Watch how the stock closes the trading session today for a clue. Does it close weaker than the current pricing or do the bulls manage to trim these losses? That could be key. Above or below 680 - watch that level.
Short term rating = HOLD
Long term rating = BUY (not at current pricing however)