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Alphabet Inc-C Set to Possibly Pullback After Yesterday's Rally of 2.34%

By Amy Schwartz

Alphabet Inc-C (NASDAQ:GOOG) traded in a range yesterday that spanned from a low of $1,155.94 to a high of $1,181.15. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $1,164.29 on volume of 601,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Alphabet Inc-C share prices have moved between a 52-week high of $1186.89 and a 52-week low of $123.45 and are now trading 856% above that low price at $1180.07 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.3%.

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