Google Inc

By root | August 21, 2007 AAA

Today we've chosen to take a look at Google Inc. (NASDAQ:GOOG) because its stock is testing an interesting level of support. As you can see from the chart below, the price is nearing an ascending trendline (white dotted line), which has propped up the price since the company's IPO in late 2004. Today's news about incorporating ads into their YouTube videos may be the catalyst needed to send the price higher. Technical traders will be looking to enter the stock around the current price level because the nearby trendline offers an interesting risk/reward ratio. We'll keep a bullish outlook on Google until we see the price close below the support - currently near $500.



You May Also Like

Related Analysis
  1. Active Trading Fundamentals

    Where And How To Trade Energy Stocks

  2. Personal Finance

    Why do Priceline & Hotwire Hide Hotel Names?

  3. Fundamental Analysis

    The Future of Big Pharma Stocks

  4. Professionals

    Is it Safe to Invest in MLPs Again?

  5. Professionals

    Top Strategies for Winning Business in 2015

Trading Center