Google's most recent trend suggests a bearish bias. One trading opportunity on Google is a Bear Call Spread using a strike $647.50 short call and a strike $652.50 long call offers a potential 35.14% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $647.50 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $3.70 would be incurred if the stock rose above the $652.50 long call 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 66.81 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Google
Amazon launches Prime Now delivery in Bay Area, as delivery services flourish
Thu, 22 Oct 2015 11:05:10 GMT
Tech Stocks from Briefing.com
Thu, 22 Oct 2015 11:00:22 GMT
Google is supporting yet another huge clean energy project in Africa
Thu, 22 Oct 2015 10:55:54 GMT
This is the tech that’s changing the way companies do business
Thu, 22 Oct 2015 10:30:46 GMT
Fortune – The new apps and cloud-based tools that are turning far-flung workers into hives of collaboration.
Sydney to get tech city on the harbour
Thu, 22 Oct 2015 06:08:03 GMT
AAP – “(It could be) a place where global giants of tech and innovation work with startup entrepreneurs, business incubators and accelerators,” Premier Mike Baird said before releasing a blueprint for the site. While the local tech industry has broadly welcomed the government's initiative, others including the NSW Labor opposition are concerned about the site's lack of public transport and existing tech businesses. The founders of Australian software giant Atlassian had fiercely lobbied the state government to revitalise the existing Australian Technology Park at nearby Redfern.
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