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Google Inc. Message Board

  • watchhimtradedotcom watchhimtradedotcom Jun 30, 2013 8:45 PM Flag

    Did You Know This About GOOG?

    Since GOOG went public it has gone on 12 3-month winning streaks, with the most recent April-June period completing the 12th. What I find interesting is that GOOG's ~1% return for the month of June 2013 is the weakest 3rd month return in a 3-month winning streak ever recorded in its history? That is, if you simply measure GOOG's performance in the 3rd month of what was a 3-month winning streak (such as January 2013 or September 2013 as recent examples) you'll see that this past month of June is the weakest GOOG has ever performed. I interpret this as more confirmation that there is a pause in the uptrend here and the path of least resistance remains lower. I'm looking for $800-$825 ahead of its July earnings. Thursday's high of $884.69 is key resistance and above that is $891. Moves above both of those levels are required to reset the chart and have me targeting new all time highs during July.

    Sentiment: Sell

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