GOOGLE
(GOOG-Nasdaq):
Technical Viewpoint: From a low
of $117.80 on Oct 15, 2004 prices
rallied, reaching a
high of $139.88
on Oct 7, 2004. A
decline saw prices pull back, reaching a
low of
$133.40 on Oct 12, 2004.
Another rally saw prices penetrate
resistance, closing 10/14/04
at $142.00. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Oct 14, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $137.25. Resistance: Is at $143.55.
Point & Figure: Reversed to the upside on Oct 13, 2004. A P&F upside
reversal takes place at $138.00. Summary: Technical indicators have turned bullish. BUY! GOOGLE
(GOOG-Nasdaq) @ $142.50 Stop: Use a protective stop of $139.75.
GOOGLE is currently trading @ $142.00 plus $1.10 on Oct 14, 2004. Price Objective:
$166.50. Risk/Reward: $2.75 VS. $24.00. Today's Risk Reward Ratio: 9:1
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