Google's most recent trend suggests a bullish bias. One trading opportunity on Google is a Bull Put Spread using a strike $652.50 short put and a strike $647.50 long put offers a potential 31.58% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $652.50 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock dropped below the $647.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Google is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Google is bullish.
The RSI indicator is at 70.68 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 Inc’s Alphabet Could Be The Berkshire Hathaway Inc. Of Tech
Fri, 14 Aug 2015 10:55:56 GMT
Google to provide virtual tour of Indian freedom struggle
Fri, 14 Aug 2015 10:48:03 GMT
What's next for YouTube as Google reorganizes?
Fri, 14 Aug 2015 10:00:00 GMT
The Google News effect: Spain reveals the winners and losers from a ‘link tax'
Fri, 14 Aug 2015 09:15:52 GMT
Android, you have serious security problems
Fri, 14 Aug 2015 05:11:12 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook