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Nasdaq: Google Shares, A Bearish Signal?
Moving Averages has the ability to smooth price data to filter out the noise of the daily ups and downs price movements. In our 280-Day moving average for Google stock (Nasdaq: GOOG), it shows 2 dips of the price near the moving average as indicated by the 2 circles. From 2006 to early 2008, the price stayed above this moving average. As such, this moving average served as a support for this period of time. However, we now see a "crossover" in early 2008, indicating a bearish move. The next few months ahead will see this stock below the 280-day moving average, indicating not to long the stock for this period.You should either close a long position or sell the stock short.Image by Yahoo! Finance
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