Google (GOOG) Offering Possible 28.21% Return Over the Next 4 Calendar Days

Google's most recent trend suggests a bullish bias. One trading opportunity on Google is a Bull Put Spread using a strike $707.50 short put and a strike $702.50 long put offers a potential 28.21% return on risk over the next 4 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $707.50 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock dropped below the $702.50 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Google is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Google is bearish.

The RSI indicator is at 43.03 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Google

Google faces record three billion euro EU antitrust fine: Telegraph
Mon, 16 May 2016 09:47:46 GMT
Reuters – Google (GOOGL.O) faces a record antitrust fine of around 3 billion euros ($3.4 billion) from the European Commission in the coming weeks, British newspaper The Sunday Telegraph said. The European Union has accused Google of promoting its shopping service in Internet searches at the expense of rival services in a case that has dragged on since late 2010. Several people familiar with the matter told Reuters last month they believed that after three failed attempts at a compromise in the past six years Google now had no plans to try to settle the allegations unless the EU watchdog changed its stance.

Google faces record three billion euro EU antitrust fine: Telegraph
Mon, 16 May 2016 09:47:46 GMT
Reuters – Google (GOOGL.O) faces a record antitrust fine of around 3 billion euros ($3.4 billion) from the European Commission in the coming weeks, British newspaper The Sunday Telegraph said. The European Union has accused Google of promoting its shopping service in Internet searches at the expense of rival services in a case that has dragged on since late 2010. Several people familiar with the matter told Reuters last month they believed that after three failed attempts at a compromise in the past six years Google now had no plans to try to settle the allegations unless the EU watchdog changed its stance.

As Google and Apple Pursue Telemedicine, U.S. Carriers Struggle
Mon, 16 May 2016 09:01:03 GMT
Bloomberg – Google and Apple Inc. have some bright ideas about the future of health care. Not so long ago, AT&T Inc. and Verizon Communications Inc. had similar ideas: a networked world of devices and services that …

How Technology and Behavioral Change Impact the Financial Markets
Mon, 16 May 2016 09:00:29 GMT

The 10 things in advertising you need to know today
Mon, 16 May 2016 08:42:00 GMT
Business Insider – Good morning. Here's everything you need to know in the world of advertising today. 1….

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