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After Yesterday's Rally of 1.30% Shares Could Potentially Pullback

By Nick Russo

Alphabet Inc-A (NASDAQ:GOOGL) traded in a range yesterday that spanned from a low of $1,108.01 to a high of $1,129.00. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $1,118.44 on volume of 764,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Alphabet Inc-A on September 29th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $970.91. Since that recommendation, shares of Alphabet Inc-A have risen 14.5%. We continue to monitor GOOGL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Alphabet Inc-A has traded in a range of $672.66 to $1129.00 and is now at $1127.44, 68% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders alphabet inc-a

Ticker(s): GOOGL