Stock Market Technical Analysis Course Google Breakout (VIDEO) Like us on FACEBOOK http://tiny.cc/TradeStocks Google's stock is breaking multi-year highs and has been extremely strong today. GOOG hit an intraday high of $749.99 before having a small consolidation. In this "stock market education" video we'll cover "how to trade" Google's breakout.
Google (NASDAQ:GOOG) has been looking good, with shares growing 30 percent over the last three months. On September 24, the stock was up almost 2 percent, hitting a new all-time high and breaking the average price target of $743. Mark Mahaney of Citigroup raised his price target on the stock to $850, reiterating his "Buy" rating.
Brian Wieser, an analyst at Pivotal Research Group, said, "The stock has performed very well in recent months, suggesting that the market is coming around to seeing how durable the company's cashflow generation will be."
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