After the historic stock performance for Google on Friday, profit takers took the price lower in the early part of the day. Two things stood out to me - how little selling there was considering the incredible nature of the rise on Friday. At the very lowest, the stock was only off 3 percent. Not bad for a gain of over 16 percent on Friday. What's more - the stock didn't close at those lows - only finishing off by about 1 percent.
That must be considered a bull signal - that even with the rocket ship rise of last week - there are still buyers in this stock.
Watch for a pull-back to get into this one. Do not buy here. Or do - but remember I warned you.
Short term rating = HOLD
Long term rating = HOLD (on price action)
That must be considered a bull signal - that even with the rocket ship rise of last week - there are still buyers in this stock.
Watch for a pull-back to get into this one. Do not buy here. Or do - but remember I warned you.
Short term rating = HOLD
Long term rating = HOLD (on price action)