Shares of Google (NASDAQ:GOOG) are trading down 7.1% to $537.53 today on above average volume. Approximately 6.4 million shares have traded hands today vs. average 30-day volume of 2.6 million shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of GOOG to see if this bearish momentum will continue.
SmarTrend currently has shares of Google in an Downtrend and issued the Downtrend alert on March 09, 2011 at $590.13. The stock has fallen 2% since the Downtrend alert was issued.
In the last five trading sessions, the 50-day MA has fallen 0.41% while the 200-day MA has risen 0.41%.
In the past 52 weeks, shares of Google have traded between a low of $433.63 and a high of $642.96 and are now at $540.42, which is 25% above that low price.
Write to Chip Brian at cbrian@mysmartrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup