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Alphabet Inc-C Set to Possibly Rebound After Yesterday's Selloff of 2.60%

By David Diaz

Alphabet Inc-C (:GOOG) traded in a range yesterday that spanned from a low of $1,162.01 to a high of $1,182.09. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $1,167.67 on volume of 607,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Alphabet Inc-C have traded between a low of $970.11 and a high of $1289.27 and are now at $1166.13, which is 20% above that low price. The 200-day and 50-day moving averages have moved 0.12% higher and 0.54% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Alphabet Inc-C on June 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1,107.69. Since that recommendation, shares of Alphabet Inc-C have risen 8.1%. We continue to monitor GOOG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders :goog alphabet inc-c

Ticker(s): GOOG