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SmarTrend Watching for Potential Pullback in Shares of Alphabet Inc-C After 1.56% Gain

By Shiri Gupta

Alphabet Inc-C (:GOOG) traded in a range yesterday that spanned from a low of $1,221.32 to a high of $1,227.57. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $1,214.99 on volume of 464,000 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-C and will alert subscribers who have GOOG in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Alphabet Inc-C has traded in a range of $970.11 to $1289.27 and is now at $1227.57, 27% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.2%.

Keywords: rebounders :goog alphabet inc-c

Ticker(s): GOOG