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Key Levels On Google



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

Google Inc. (NASDAQ:GOOG) has soared for the last six days, jumping from $473.00 to a high today of $534.73. This move of over $60.00 has been epic but many traders are wondering if it will continue. Clear chart analysis shows that in the short term Google is hitting resistance. This resistance level is at the $533.00 level and can be seen in the chart below. Should the stock blast through that level, the next spot would be at $545.00. It is likely that Google will pull back in the short term off the $533.00 level.

Gareth Soloway

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