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When Google Falls, Be Ready To Trade

Published 08/28/2014, 03:41 AM
Updated 05/14/2017, 06:45 AM

Google Inc (NASDAQ:GOOG) has been a market leader since the bull market began, back in 2009. However, 2014 hasn't been so kind to Google, as it has drastically lagged the Nasdaq 100. You can see this by looking at the chart below.

The NDX is making multi year highs, while Google has now made a third lower high.
This price action on the charts leads me to believe that the GOOG will be the stock to watch next month for a continued move lower. Watch the market close next week, as the charts are suggesting an overall sell off will hit soon. That will be the time to trade GOOG on the short side and profit from the move lower.

GOOG

by Evan Poechman

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