Chart Look: Yes Motorola, No Google

Motorola(MOT) has teamed up with Google(GOOG) to launch the latest smartphone salvo today with the Droid lineup.

There has been quite a bit of buzz regarding this next round of smartphones. So today, we look at these two companies to see what their charts say. In a nutshell, MOT is very strong and looks to get stronger. GOOG, on the other hand, can still be held but requires tight stops. MOT can be bought here while GOOG cannot.

A quick check of the charts underlines the huge difference between GOOG and MOT. Here's the long term view of GOOG. It currently enjoys a bullish advance, but the advance is suspect.

This is not a call to short it, but it is a call to be careful if you are riding it. GOOG is not, in my opinion, a buy at this price point on a long- intermediate- or short-term timeframe. The risk-to-reward parameters simply do not work at the current price point.

The swing low from early '08 was removed a few months back, but volume has yet to swell and, from all indications, this stock will revisit those lower levels once more. You can see that volume from early '06 was huge in the $325-$475 price range. I would expect to see this stock trade back to the $400 area one again in the coming months. For long-term investors, that's the buy area.