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Alphabet Inc-A Rises 1.60% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Alphabet Inc-A (NASDAQ:GOOGL) traded in a range yesterday that spanned from a low of $1,150.60 to a high of $1,162.58. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $1,155.64 on volume of 838,000 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-A share prices have moved between a 52-week high of $1198.00 and a 52-week low of $672.66 and are now trading 73% above that low price at $1161.47 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 recommended that subscribers consider buying shares of Alphabet Inc-A on May 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1,078.06. Since that recommendation, shares of Alphabet Inc-A have risen 6.1%. We continue to monitor GOOGL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders alphabet inc-a

Ticker(s): GOOGL