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Watch for Alphabet Inc-C to Potentially Pullback After Gaining 1.55% Yesterday

By David Diaz

Alphabet Inc-C (NASDAQ:GOOG) traded in a range yesterday that spanned from a low of $1,140.64 to a high of $1,152.43. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $1,146.50 on volume of 649,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Alphabet Inc-C share prices have moved between a 52-week high of $1186.89 and a 52-week low of $123.45 and are now trading 833% above that low price at $1151.76 per share. The 200-day and 50-day moving averages have moved 0.31% higher and 0.66% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Alphabet Inc-C on April 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1,063.07. Since that recommendation, shares of Alphabet Inc-C have risen 6.7%. We continue to monitor GOOG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders alphabet inc-c

Ticker(s): GOOG