Google (GOOG) Offering Possible 31.58% Return Over the Next 29 Calendar Days

Google's most recent trend suggests a bearish bias. One trading opportunity on Google is a Bear Call Spread using a strike $1060.00 short call and a strike $1070.00 long call offers a potential 31.58% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $1060.00 by expiration. The full premium credit of $2.40 would be kept by the premium seller. The risk of $7.60 would be incurred if the stock rose above the $1070.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Google is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Google is bearish.

The RSI indicator is at 31.22 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Google

Google Lobbying Shifts to Transport, Health: The Influence Game
Wed, 14 Feb 2018 09:00:00 +0000
Google’s gravest threat is probably a regulatory crackdown on its lucrative search engine, and there’s a resurgent drumbeat about its size and power in Washington. If the company’s worried, that’s not …

[$$] Google Must Shine More Light on its Cloud
Wed, 14 Feb 2018 06:32:04 +0000
Google is the world’s second-largest company by market value. But even for huge businesses, little things can count for a lot—like, Google’s cloud platform.

What Twitter Isn't Telling Us About Its Ad Business
Wed, 14 Feb 2018 03:03:00 +0000
Management discloses some metrics, but says those numbers are not as important as the ones they won't share.

Alphabet Just Made an Announcement That Should Terrify Uber
Wed, 14 Feb 2018 02:06:00 +0000
The age of the self-driving ridesharing service has arrived.

Alphabet Is the Best Tech Stock to Own After the Correction
Wed, 14 Feb 2018 01:00:00 +0000
Forget the FAANGs as a group — this one tech stock is standing out above the rest.

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