Google (GOOG) Offering Possible 38.89% Return Over the Next 8 Calendar Days

Google's most recent trend suggests a bearish bias. One trading opportunity on Google is a Bear Call Spread using a strike $1100.00 short call and a strike $1105.00 long call offers a potential 38.89% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $1100.00 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $3.60 would be incurred if the stock rose above the $1105.00 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 60.7 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

How Google Almost Destroyed Zagat
Wed, 07 Mar 2018 09:00:17 +0000
After a tumultuous few years, the tech company no longer needed the legacy review brand.

[$$] Coded prejudice: how algorithms make life harder for the poor
Wed, 07 Mar 2018 05:01:03 +0000
Digital tools are often hailed as transparent and democratising “disrupters”. Two new books argue that this optimistic vision is mistaken and that algorithms, as currently deployed, pose a major threat …

3 Ways Alphabet Is Gunning for Microsoft and the Enterprise Market
Wed, 07 Mar 2018 02:29:00 +0000
Google is trying to make a bigger dent in enterprise. Here's how.

Facebook Dinged In Lawsuit, Report Card, Upcoming Documentary
Wed, 07 Mar 2018 00:39:00 +0000
On Tuesday, the embattled social network and its WhatsApp and Instagram units were sued by BlackBerry (BB) for allegedly infringing patents and pilfering intellectual property from BlackBerry Messenger technology. The 117-page lawsuit, filed in federal court in Los Angeles, claims Facebook and its units “created mobile messaging applications that co-opt BlackBerry's innovations.” “Blackberry's suit sadly reflects the current state of its messaging business,” Paul Grewal, Facebook's deputy general counsel, said in a statement.

Defense Department Is Using Google’s AI Tech to Help With Drone Surveillance
Tue, 06 Mar 2018 23:29:10 +0000
Google stresses it's "for non-offensive uses only."

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