Oh yeah, Google was available cheap to you, me and the polar bears back in August, when even global warming couldn't stop the chill around the stock. After missing analyst estimates — an odd thing considering Google never provides guidance of any kind — GOOG sank below 525 ... then below 500 on August 16. The stock was below its 50-, 100- and 200-day SMA. Talk about a bargain.
Well, GOOG is now light years away from its 200-day SMA. As with Apple, Google's 50-day SMA has provided a good indicator of a bottom twice since mid-November. Only 3.3% above its 50-day SMA. Always worth watching closely, more so now than two months ago.
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