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Bullish Moving Average Cross by Google (GOOG)

By David Diaz

Today, shares of Google (NASDAQ:GOOG) have crossed bullishly above their 10-day moving average of $774.77 on a volume of 326K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Google has traded in a range of $515.18 to $789.87 and is now at $782.89, 52% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Google on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $711.88. Since that recommendation, shares of Google have risen 8.8%. We continue to monitor GOOG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses google

Ticker(s): GOOG