A combination of the aforementioned enabled the stock to close at $572.73 on Monday. Some other ways to play Google include the following:
- First Trust Dow Jones Internet Index (FDN), which boasts Google as its top holding. FDN closed at $27.51 on Monday.
- iShares Dow Jones US Technology (IYW), which allocates nearly 7% of its assets to Google. IYW closed at $59.84 on Monday.
When investing in technology equities it is important to keep in mind the volatility and inherent risks involved. To help mitigate these risks, the use of an exit strategy which identifies price points at which an upward trend could come to an end is important.
According to the latest data at SmartStops.net, an upward trend in Google could come to an end at $553.44. As for FDN and IYW, their price points are $26.38 and $57.69, respectively.
Written by Kevin Grewal in Laguna Niguel, Calif.At the time of publication, Grewal had no positions in the securities mentioned.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV