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Bullish Moving Average Cross by Google (GOOG)

By Amy Schwartz

Google (NASDAQ:GOOG) crossed over its 10-day moving average of $779.52 on a volume of 263K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Google share prices have been bracketed by a low of $515.18 and a high of $789.87 and are now at $781.00, 52% above that low price. 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 9.1%. 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