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Bearish Moving Average Cross by Alphabet Inc-A (GOOGL)

By Nick Russo

Today, shares of Alphabet Inc-A (NASDAQ:GOOGL) have crossed bearishly below their 10-day moving average of $1204.26 on a volume of 274K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Alphabet Inc-A have traded between a low of $977.66 and a high of $1291.44 and are now at $1202.29, which is 23% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Alphabet Inc-A on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1,072.67. Since that recommendation, shares of Alphabet Inc-A have risen 12.6%. 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