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TMCNet:  Look for Shares of Google to Potentially Pullback after Yesterday's 1.67% Rise

[December 11, 2012]

Look for Shares of Google to Potentially Pullback after Yesterday's 1.67% Rise

Dec 11, 2012 (SmarTrend(R) News Watch via COMTEX) -- Google (NASDAQ:GOOG) traded in a range yesterday that spanned from a low of $687.72 to a high of $701.92. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $696.88 on volume of 2.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Google. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Google in search of a potential trend change.

In the past 52 weeks, Google share prices have been bracketed by a low of $473.02 and a high of $774.38 and are now at $696.88, 47% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.2%.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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