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Shares of Google Rise to a New 52-Week High

By Nick Russo

Shares of Google (NASDAQ:GOOG) traded at a new 52-week high today of $791.53. Approximately 266,000 shares have changed hands today, as compared to an average 30-day volume of 1.9 million shares.

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.

Over the past year, Google has traded in a range of $515.18 to $791.53 and is now at $790.13, 53% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

Google has overhead space with shares priced $790.13, or 4.4% below the average consensus analyst price target of $826.85. The stock should discover initial support at its 50-day moving average (MA) of $727.30 and subsequent support at its 200-day MA of $696.56.

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: 52 week high/lows google

Ticker(s): GOOG