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Look for Shares of Alphabet Inc-A to Potentially Pullback after Yesterday's 3.48% Rise

By Shiri Gupta

Alphabet Inc-A (NASDAQ:GOOGL) traded in a range yesterday that spanned from a low of $1,057.09 to a high of $1,082.92. Yesterday, the shares gained 3.5%, which took the trading range above the 3-day high of $1,052.98 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Alphabet Inc-A on March 19th, 2018 by issuing a Downtrend alert when the shares were trading at $1,104.15. Since that call, shares of Alphabet Inc-A have fallen 5.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Alphabet Inc-A has traded in a range of $672.66 to $1198.00 and is now at $1081.03, 61% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders alphabet inc-a

Ticker(s): GOOGL