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Google (GOOG) Showing The Signs Of Changing Winds

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December 05, 2011 – Comments (0) | RELATED TICKERS: GOOGL

If you're to ask me, I think Google (GOOG) has done a remarkable job of holding its value this year. I know there have been some fairly rough patches where it declined in excess of 20% on multiple occasions, but as it stands right now, GOOG is close to breaking out to multi-year highs. Considering the year that the market has experienced, I wouldn't say there is not a lot of stocks that can make the same claim. 

But GOOG is coming up on a cross roads here fairly quickly, and it'll be interesting to see what path it takes once it reaches that juncture on its weekly chart. 

Here the chart analysis and quick breakdown on GOOG.

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