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Google Bullish Moving Average Crossover Alert (GOOG)

By David Diaz

Today, shares of Google (NASDAQ:GOOG) have advanced above their 10-day MA of $770.20 on a volume of 230K shares. Swing traders may find 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 $789.87 and a 52-week low of $515.18 and are now trading 50% above that low price at $772.11 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 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 8.0%. 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