Google And The 200 Day Moving Average
The technical damage has been done.
GOOG stock has gone from high flier to reality check. The psychologically important 200 day moving average has been breached.
With the announcement of a settlement regarding click fraud, another proverbial nail in the coffin has been tapped into place.
I suspect Google’s stock price is in for some bleak times for awhile. Until the stock can form a base of support and start to make higher highs and higher lows, the bears are in control.
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