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After Yesterday's Rally of 1.77% Shares Could Potentially Pullback

By James Quinn

Alphabet Inc-C (NASDAQ:GOOG) traded in a range yesterday that spanned from a low of $1,056.36 to a high of $1,073.05. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $1,061.68 on volume of 735,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Alphabet Inc-C have traded between a low of $123.45 and a high of $1186.89 and are now at $1070.38, which is 767% 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%.

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

Keywords: rebounders alphabet inc-c

Ticker(s): GOOG