Google Stock Quote

I have been waiting to post this message about Google’s earnings.

Rather then make a comment about how the stock reacted to the impressive quarterly earnings that Google posted, I decided to wait to see how the stock reacted over time before making any comments.

You see, it’s one thing for a stock to react favorably like GOOG has done - and then quickly fall out of favor when the news is out. But it is a sign of strength when a stock doesn’t give back the recent price gains.

And that’s exactly what Google’s share price has done.

It’s held up near at the new all time highs - forming what looks like a new base at these higher price levels.

This is particularly encouraging for higher prices considering that the overall market has been in a funk recently. Overall, the market has been down, while Google has been up.

Now if we can get the overall market to start moving higher, then maybe Google will get a jump at even higher prices. Even if the market doesn’t participate in a rally, Google tends to march to it’s own drummer.

All things considered, Google’s stock price is doing O.K.

watching paint dry

I’m serious, if you consider how poorly the technology portion of the U.S. stock market has performed over the last few months, Google has faired well.

And especially if you consider how poorly some of the “hot” stocks like TZOO, EBAY, CME have performed, then GOOG looks alright.

Today’s price action - while on less-than-impressive volume - is a bullish sign. Today was a large range day relative to recent price action. Equally interesting is the fact that GOOG opened right near the low for the day and closed just about at the high for the day. And one more thing, today’s closing price takes out a recent price high.

If tomorrow’s price action confirms today’s bullish move, then we might have another leg up for this stock.