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Google Looks to Continue to Trade Above its Annual-High Share Price Today

By Nick Russo

Google (NASDAQ:GOOG) traded at a new 52-week high today of $802.68. So far today approximately 402,000 shares have been exchanged, as compared to an average 30-day volume of 1.9 million shares.

There is potential upside of 3.2% for shares of Google based on a current price of $801.56 and an average consensus analyst price target of $826.85. Google shares have support at the 50-day moving average (MA) of $727.30 and additional support at the 200-day MA of $696.56.

Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches.

In the past 52 weeks, shares of Google have traded between a low of $515.18 and a high of $802.68 and are now at $801.56, which is 56% above that low price. 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 11.7%. We continue to monitor GOOG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows google

Ticker(s): GOOG