Google Climax Top

Goog20071019

Google, Inc. (NASDAQ: GOOG): 2:30 AM NYC time, October 20th: Just a quick post to note the top of Google’s impressive $150+-point run from the August lows. Note Friday’s action: 1) gap up after earnings, 2)…


…intraday reversal after setting new all-time high, 3) close near the day’s low, 4) on the highest volume of the entire rally. GOOG’s August low was at its 200-day moving average. Today, GOOG’s 200-day moving average is around $518, or $125 (19.5%) below today’s close. The stock could easily retrace $50-$75. Cheers!

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