Google (NASDAQ:GOOG) — On Dec. 30, I cancelled a sell recommendation saying, �GOOG has finally broken from a dramatic �W� formation with a target of $700. Cover all shorts and bearish positions and buy GOOG.�
The stock quickly ran to over $660, but in the last week profit-taking has driven it to its 50-day moving average (blue line) at just under $620. This appears to be an outstanding opportunity to load up on a stock that may turn out to be �the stock of the year.�
The trading objective for Google is $700 by March.
No comments:
Post a Comment