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.