Google: Head And Shoulders Pattern Indicates A Move Lower
Ryan Mallory | Oct 01, 2013 01:16AM ET
Google (GOOG) has been a great stock for swing trading this year.
The key has been fading the moves that have occurred. Specifically those between $850 and $930.
But as a result of those moves a nasty head and shoulders pattern has emerged that should take this stock much lower if it crosses and closes below $845.
Here's the technical analysis on GOOG:
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