Shares Trade Higher
Shares of Google traded higher than the initial price on Thursday, opening slightly higher than $100.
From a trader’s perspective, GOOG set the daily high and low within the first hour of trading. The low was set within the first five minutes, the high near the end of the first hour of trading.
From there, the stock carved out a trading range - not really moving up or down significantly. The daily close was just $0.32 higher than the opening price.
Google stock chart for yesterday shows some bad ticks near $140 before the stock opened for trading just prior to noon eastern time.
Will be watching today’s price action to see where Google heads next with emphasis on price action around yesterday’s high and low prices.
Until we get more trading history, it’s a matter of watching how this stock acts around support and resistance levels.
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