Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

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 million

Average 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.

If you liked this article you might like

5 Earnings Short-Squeeze Plays: Twitter, Sarepta Therapeutics Included

Obamacare Repeal Takes Another Step but GOP Showdown Looms

Health Care Investors Attempt to Parse Trump Budget

Finding the Bullish and Bearish Reversals

Leveling the Playing Field for Investors: Cramer's 'Mad Money' Recap (Friday 2/3/17)