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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 $929.79 to a high of $940.49. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $936.29 on volume of 825,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Alphabet Inc-A has traded in a range of $672.66 to $1008.61 and is now at $939.47, 40% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Alphabet Inc-A and will alert subscribers who have GOOGL in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders alphabet inc-a

Ticker(s): GOOGL