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Google Crosses Below its 10-day MA (GOOG)

By Amy Schwartz

Google (NASDAQ:GOOG) crossed under its 10-day moving average of $778.51 on a volume of 496K 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.

Google share prices have moved between a 52-week high of $792.28 and a 52-week low of $515.18 and are now trading 50% above that low price at $775.31 per share. The 200-day and 50-day moving averages have moved 0.15% higher and 0.04% lower over the past week, respectively.

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 10.4%. 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