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Look for Shares of Alphabet Inc-A to Potentially Pullback after Yesterday's 1.68% Rise

By David Diaz

Alphabet Inc-A (NASDAQ:GOOGL) traded in a range yesterday that spanned from a low of $1,187.70 to a high of $1,193.73. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $1,173.99 on volume of 970,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Alphabet Inc-A has traded in a range of $977.66 to $1296.97 and is now at $1193.73, 22% above that low. The 200-day and 50-day moving averages have moved 0.17% lower and 0.07% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Alphabet Inc-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Alphabet Inc-A in search of a potential trend change.

Keywords: rebounders alphabet inc-a

Ticker(s): GOOGL