With the stock currently changing hands at around $619, the heavy selling, which has been persistent for weeks in Google, just hasn't done much to move the stock lower. Shares of Google have sold off around 30 points from its 52-week high of $642 since the news hit the tape that Schmidt was stepping down as the company's CEO. But the stock is still trading above the 50-day moving average of $598, and as long as it stays above that price, I think the bulls can stay with it.
Google is a holding of Julian Robertson at Tiger Management, comprising 6.7% of the portfolio as of the most recent reporting period, as well as George Soros. With a B buy rating from TheStreet Ratings, it's one of the top-rated Internet software and services stocks.
As for Hewlett-Packard, the stock has been in a bullish uptrend for awhile now, but the shares approaching some previous overhead resistance at around $48 a share. Market players should watch this level closely because back in June and July of 2010 the stock sold off sharply after it hit that price level.
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