Google (GOOG) is a global technology company focused on improving the ways people connect with information. This stock is trading up 2.7% at $627.99 in recent trading.
Today's Volume: 2.1 millionAverage Volume: 2.4 million Volume % Change: 57% From a technical perspective, GOOG is soaring here back above its 50-day moving average of $620.73 with decent volume. Traders should continue to look for long-biased trades as long as GOOG is trending above its 50-day, and if it can manage to close near its daily highs. At last check, GOOG has hit an intraday high of $630.10. If we continue to see that price action, then GOOG should have no problem with tagging its next significant overhead resistance level at $653 to $658 in the near future. On the flipside, I would avoid any long trades if GOOG closes back below its 50-day with heavy volume. Google, one of SAC Capital's holdings, shows up on a recent list of 10 Stocks Poised to Rise in Apple's Wake.
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