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SmarTrend Watching for Potential Pullback in Shares of Alphabet Inc-A After 1.59% Gain

By Nick Russo

Alphabet Inc-A (NASDAQ:GOOGL) traded in a range yesterday that spanned from a low of $1,221.08 to a high of $1,228.75. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $1,215.50 on volume of 372,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Alphabet Inc-A and will alert subscribers who have GOOGL in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Alphabet Inc-A share prices have been bracketed by a low of $977.66 and a high of $1296.97 and are now at $1228.75, 26% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.2%.

Keywords: rebounders alphabet inc-a

Ticker(s): GOOGL