Google Stock Quote

The market puts in a stellar turn-around performance and what does Google’s stock do? Goes the other way.

The overall market put in a solid performance today with the major U.S. stock market averages logging solid gains.

Google, on the other hand, is marching to its own drummer. Today’s low comes right in at the 78.6% Fibonacci retracement level.

78.6% retracement

Google stock made it clear that the previous support at $187.72 was not going to be respected.

As a matter of fact, the stock sliced right through that price level within the first 20 minutes of trading today. The rest of the day was spent carving out a trading range in the $180.32 to $183.45 range.

So much for the $200 stock.

broken support

Don’t be too surprised if this stock sees price at the 78.6% Fibonacci retracement level in the very near future ($176.35).

After that, the next level of support is the December 9 low at $168.47.

Things change quickly.