GOOG Large Range Days
So much for GOOG stock price stopping at the 50 day moving average.
Today (so far) and yesterday are large range up days for GOOG. Today’s price even started with a gap up. It certainly looks like GOOG is back to its old pattern of higher highs and higher lows after testing the 200 day moving average around $490 in mid June.
The down gap that formed in mid July is now officially closed. For those who aren’t familiar with the stock market lore that says “gaps tend to be filled", this is a real time example of that principle in action.
Now what? Does the stock continue to new all time highs - or test and fail to continue higher? All very good questions that the stock itself will answer in good time.
