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Shares of Google Rise to a New 52-Week High

By Shiri Gupta

Google (NASDAQ:GOOG) traded today at a new 52-week high of $950.00. So far today approximately 329,000 shares have been exchanged, as compared to an average 30-day volume of 1.9 million shares.

Potential upside of 4.4% exists for Google, based on a current level of $949.00 and analysts' average consensus price target of $991.11. 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 share prices have moved between a 52-week high of $950.00 and a 52-week low of $515.18 and are now trading 84% above that low price at $949.00 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.

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.

SmarTrend recommended that subscribers consider buying shares of Google on April 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $856.66. Since that recommendation, shares of Google have risen 9.9%. 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