Wednesday, May 29, 2019 12:48:48 PM
Tech giant, Alphabet Inc NASDAQ:GOOGL), is now testing and breaking below its May 15th, 2019 low. This low in the stock was extremely important because the stock bottomed at $1121.40 a share and staged a $49.40 reversal closing at $1170.80 that day. The volume in that session was heavy with 2.9 million shares traded. Today, GOOGL stock is trading below that important low and that is a bearish indication for the stock. A daily chart close below the May 15th, 2019 low should ultimately send another sell signal to the stock. The next major support level for GOOGL stock will be around the $1045 level. This is where the stock staged a reversal in December 2018 and should be defended again by the institutional crowd when retested.
Nicholas Santiago
InTheMoneyStocks
Recent GOOGL News
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
