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SmarTrend Watching for Potential Pullback in Shares of Alphabet Inc-A After 2.42% Gain

By Nick Russo

Alphabet Inc-A (NASDAQ:GOOGL) traded in a range yesterday that spanned from a low of $1,173.10 to a high of $1,200.61. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $1,180.44 on volume of 1.1 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 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.

Over the past year, Alphabet Inc-A has traded in a range of $672.66 to $1201.49 and is now at $1199.66, 78% above that low. 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%.

Keywords: rebounders alphabet inc-a

Ticker(s): GOOGL