200 Day Moving Average Turns Down
I think this is the second time in Google’s brief history of trading that the stock’s 200 day simple moving average has turned down.
Yesterday’s price low tagged the lower 2.0% Bollinger Bands.
So What You Say
For those predicting doom-and-gloom, consider this a normal fluctuation within a large move.
Previously we had the euphoria driving the stock into the $700s, now we have the bears driving the stock down.
On the short term horizon, the stock popped up yesterday nicely. Today’s high approached the $450 level before getting turned back down.
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