Google’s most recent trend suggests a bullish bias. One trading opportunity on Google is a Bull Put Spread using a strike $1010.00 short put and a strike $1000.00 long put offers a potential 29.87% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1010.00 by expiration. The full premium credit of $2.30 would be kept by the premium seller. The risk of $7.70 would be incurred if the stock dropped below the $1000.00 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Google is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Google is bearish.
The RSI indicator is at 37.36 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Google
Google Releases New Africa App to Beat Slow Internet Speeds
Thu, 12 Apr 2018 07:54:18 +0000
Google is releasing an app in Africa that will help internet users overcome obstacles such as the lack of high-speed connectivity and the cost of data on the continent.
[$$] Investors Want More Transparency About YouTube’s Sales, Profit
Thu, 12 Apr 2018 04:03:11 +0000
YouTube’s parent company, Alphabet, doesn’t share YouTube’s sales or profit, but some investors and others have renewed calls for more transparency.
The uncomfortable question Zuckerberg kept facing: Is Facebook a monopoly?
Thu, 12 Apr 2018 01:14:05 +0000
Facebook sees competition everywhere, but several senators and at least one congressman think the company is a dominant monopoly with no real competitors, based on the grilling three congressional committees …
Users Spending More Time On Google Sites Than Facebook
Wed, 11 Apr 2018 23:49:51 +0000
People are spending more time on Google products like YouTube than on Facebook #tictocnews https://bloom.bg/2GUB9Mj (Source: Bloomberg)
Amazon Is Missing Out By Not Competing With Slack
Wed, 11 Apr 2018 23:10:00 +0000
Amazon is behind other big cap tech names when it comes to online messaging services.
Follow Us on Facebook