Harry Aloof
06-27-2007, 12:19 AM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
GOOGLE (Goog-Nasdaq): Technical Viewpoint: From a low of $457.41 on May 15, 2007 prices rallied, reaching a high of $526.50 on Jun 7, 2007. A decline saw prices pull back, reaching a low of $498.69 on Jun 13, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $524.98. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 22, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $500.00. Resistance: Is at $526.50. Point & Figure: Reversed to the upside on Jun 18, 2007. A P&F downside reversal takes place at $505.00. Summary: Technical indicators have turned bullish. BUY! Google (Goog-Nasdaq) @ $525.13 Stop: Use a protective stop of $510.00. Google is currently trading @ $524.98 plus $10.87 on Jun 22, 2007.
Price Objective: $598.50
Risk/Reward: $15.00 VS. $73.37
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2160-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
GOOGLE (Goog-Nasdaq): Technical Viewpoint: From a low of $457.41 on May 15, 2007 prices rallied, reaching a high of $526.50 on Jun 7, 2007. A decline saw prices pull back, reaching a low of $498.69 on Jun 13, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $524.98. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 22, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $500.00. Resistance: Is at $526.50. Point & Figure: Reversed to the upside on Jun 18, 2007. A P&F downside reversal takes place at $505.00. Summary: Technical indicators have turned bullish. BUY! Google (Goog-Nasdaq) @ $525.13 Stop: Use a protective stop of $510.00. Google is currently trading @ $524.98 plus $10.87 on Jun 22, 2007.
Price Objective: $598.50
Risk/Reward: $15.00 VS. $73.37
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2160-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)