Thursday, January 04, 2018 12:17:00 PM
Shares of Alphabet Inc (NASDAQ:GOOGL) surged to all-time highs in early trading today. However, by lunch-time, the search giant had faded, up less than a half-percent. The pull back created a bearish topping tail on the daily chart and may signal a near-term top for the stock. Investors need to put this on their watch list and follow it into the market close. Should Alphabet Inc close with a topping tail, it becomes a strong short and will likely pullback sharply. These technical chart signals are important, as they are the only thing that can give investors an edge on when a stock like Alphabet Inc is set to pull back.
Gareth Soloway
InTheMoneyStocks
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