Wednesday, October 31, 2007

Google trend trading

Google Inc (NASDAQ:GOOG) has been a legendary stock since the earliest days of its IPO. It has not disappointed even the most hyped expectations. GOOG added to its golden image with today's close above $700. The model performance of the stock makes for a wonderful chart.

For Stock Trends followers, though, the first cue for entry in this winner was a year ago when GOOG had its most recent Bullish Crossover. The stock suffered a slight summer cold in the previous period (it went Stock Trends Bearish in mid-July 2006), so the Bullish Crossover signal in October 20, 2006 was the first reversal of trend for GOOG. The stock was one of the Stock Trends NASDAQ Picks of the Week then (at $459). Although just about any entry point has been swell to date for this darling stock, the summer period in 2006 was challenging enough to advise an exit - however temporary it turned out to be. Here the Stock Trends indicators helped direct investors when price trend shifted positively. Trading with the trend is the Stock Trends modus operandi.

Stock Trends history- Google Inc (NASDAQ:GOOG)
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