Tuesday, December 25, 2007

No. 2 Google: Has the ship sailed?

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.

Pupule's Top 25 stocks

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