Google Inc. (GOOG) All Set To Move into Bearish Mode Below $556
By Mark Moneymaster
March 15, 2010 11:21 AM
March 15, 2010 11:21 AM
Symbols: GOOG
By mid-morning trading on Monday, Google Inc. (NASDAQ: GOOG) was down nearly 3.76% at $558.33. Google Inc. (GOOG) shed its last week’s gains after the rumors once again started gaining momentum on the last weekend that Google Inc. (GOOG) is once again thinking of closing down its operations in China on censorship issues.
Google Inc, (GOOG), currently trading at $558.47, is now just a shade above its 50 day MA of $556.18. Google Inc. (GOOG) is all set to move into a bearish mode, once it breaches below its 20 day MA and 50 day MA around $556.
(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.
We're Loving
