Friday, July 10, 2015

Chart of the day: GOOGL and the moving average remount

$GOOGL cracked $600 in early 2014 and quickly pulled back. Since that time the stock has been consolidating and actually broke below the 50 dma. After a few failed attempts at remount, the stock has gapped up over the 50 dma today. If this level holds we could see a run to $600 and another attempt at breaking out over this key round number.

I am holding $GOOGL in my longer term position trading account and may trade it in my short term swing today.
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