After Yesterday's Decline of 1.24%, Google Offers Investors Better Value
Google (NASDAQ:GOOG) traded in a range yesterday that spanned from a low of $696.80 to a high of $706.00. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $700.63 on volume of 803,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
SmarTrend is tracking the current trend status for Google and will alert subscribers who have GOOG in their portfolio or watchlist when shares have changed trend direction.
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 $698.47, which is 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.
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