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Bullish Moving Average Cross by Google (GOOG)

By Nick Russo

Google (NASDAQ:GOOG) shares have crossed bullishly above their 10-day moving average of $932.51 on a volume of 472K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Google share prices have moved between a 52-week high of $943.11 and a 52-week low of $515.18 and are now trading 82% above that low price at $937.12 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Google on April 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $856.66. Since that recommendation, shares of Google have risen 8.6%. 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