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After Yesterday's Rally of 3.19% Shares Could Potentially Pullback

By Amy Schwartz

Alphabet Inc-C (NASDAQ:GOOG) traded in a range yesterday that spanned from a low of $1,048.26 to a high of $1,071.33. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $1,046.42 on volume of 1.1 million 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, Alphabet Inc-C share prices have been bracketed by a low of $123.45 and a high of $1186.89 and are now at $1069.40, 766% above that low price. The 200-day and 50-day moving averages have moved 0.15% higher and 0.04% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Alphabet Inc-C on March 20th, 2018 by issuing a Downtrend alert when the shares were trading at $1,094.33. Since that call, shares of Alphabet Inc-C have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders alphabet inc-c

Ticker(s): GOOG