Google Stock Quote

Looks like Google stock is back in the trading range it just broke out of. The stock dropped enough to pierce the 200 day moving average and has rallied since.

Who wants to bet the stock rallies up to the 50 day moving average near $520 and gets stopped? Its not like that’s happened before (sarcasm) … see the moving average squeeze video to get the picture for what I am talking about.

What do you know? I don’t say anything for a month and when I do it is about Google doing nothing, i.e. trading range bound and then look what happens. The stock falls out of bed.

Today’s opening price gapped down from yesterday. A look at the high today, 496.43, tells me the stock has made an attempt to fill the gap opening. The current price is below the opening price of $492.00. Hmm, looks like the stock’s breakout is to the downside.

… is more exciting that GOOG’s price action for the last month.

Go ahead and look at the link to the chart I posted previously. Yawn, boring!!

Google stock has been chopping around for almost a month now. One of these days, the stock is going to have to breakout.