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Alphabet Inc-A Crosses Above its 10-day MA (GOOGL)

By Nick Russo

Today, shares of Alphabet Inc-A (NASDAQ:GOOGL) have crossed bullishly above their 10-day moving average of $1185.93 on a volume of 194K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Alphabet Inc-A has traded in a range of $977.66 to $1296.97 and is now at $1196.28, 22% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Alphabet Inc-A on June 20th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1,114.86. Since that recommendation, shares of Alphabet Inc-A have risen 6.2%. We continue to monitor GOOGL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses alphabet inc-a

Ticker(s): GOOGL