Google Shares Charge Through $700 Level

Google

shares are moving sharply over the psychological $700 level Thursday morning, now up more than 2 percent to around $713. The price had unsuccessfully tested this important level during three trading sessions since the beginning of December. Shares marked an intraday high above $704 on Wednesday but closed at $697.56. Above $700, technical levels in Google shares are sparse. In October the stock pushed over $750, but weak third-quarter results failed to support the price and the stock plunged to under $680. Action in Google Thursday morning seems to be purely a momentum/technical move; however there are a few news items running on the wires. On the

, Google announced its popular Maps app was released for the iPhone via Apple's App Store. In addition, Google last night announced a deal with Belgian news publishers.