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inthemoneystock (< 20)

GOOG Soars To Double Top



February 03, 2013 – Comments (0) | RELATED TICKERS: GOOGL

On Friday, February 1st, 2013, Google Inc (NASDAQ:GOOG) soared $19.91 to close at $775.60. This move took Google all the way to its double top from 2012. Note the chart below.

This will be short term resistance. However, based on the strength in the market and in the stock, itwould be likely to see it head higher. The next major resistance level is $807.00 then $850.00.

 View the chart here


Gareth Soloway
Chief Market Strategist

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