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Google Crosses Below its 10-day MA (GOOG)

By Shiri Gupta

Google (NASDAQ:GOOG) shares have crossed bearishly below their 10-day moving average of $769.48 on a volume of 693K 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.

In the past 52 weeks, shares of Google have traded between a low of $515.18 and a high of $789.87 and are now at $765.00, which is 48% above that low price. Over the past week, 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 8.4%. 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