GOOG Hugging The 200 Day Moving Average
Using my eyeballs, it looks like Google’s 200 day moving average is around $436. If you look at a daily chart, notice that in early March 2007 and again now (16 March 2007), Google’s stock price is hovering just above that price level. This is likely to turn into a make or break (MOB) scenario soon. It has to.
The 200 day moving average has served GOOG well in the past, will it do so again. Time will tell.
