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Google Inc. Breaks Out On The Daily, It Is Headed Here

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January 18, 2011 – Comments (0)

Google Inc. (NASDAQ:GOOG) blasted through the key $630.00 resistance today as it looks to have finally broken out to the upside. Since late 2009, Google has been stuck between the $630.00 level and the 2010 lows at $430.00.  Finally, after running into $630.00 late in 2010, it appears Google has broken out.  The next question is, where will the next stop be?  The first major resistance on Google is $655.00. This will most likely coincide with a small pull back in the very least.  After that level, the stock may head to $700.00, a major resistance point. This looks to be a powerful breakout, follow it closely.  As long as it stays above $630.00, the break out holds.  Should it close back below $630.00, the breakout has failed. 

Gareth Soloway
InTheMoneyStocks.com

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