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After Yesterday's Decline of 2.49%, Alphabet Inc-A Offers Investors Better Value

By James Quinn

Alphabet Inc-A (NASDAQ:GOOGL) traded in a range yesterday that spanned from a low of $1,163.28 to a high of $1,179.35. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $1,168.72 on volume of 638,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Alphabet Inc-A on June 20th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1,114.86. Since that recommendation, shares of Alphabet Inc-A have risen 7.3%. We continue to monitor GOOGL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Alphabet Inc-A have traded between a low of $977.66 and a high of $1296.97 and are now at $1163.53, which is 19% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Keywords: rebounders alphabet inc-a

Ticker(s): GOOGL