Google's most recent trend suggests a bearish bias. One trading opportunity on Google is a Bear Call Spread using a strike $550.00 short call and a strike $560.00 long call offers a potential 51.52% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $550.00 by expiration. The full premium credit of $3.40 would be kept by the premium seller. The risk of $6.60 would be incurred if the stock rose above the $560.00 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 below 20 which suggests that the stock is in oversold territory.
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
Nikkei leads rout in Asia shares after US selloff; China CPI in focus
Fri, 11 Apr 2014 02:12:00 GMT
CNBC – Asian stocks endured losses on Friday as a steep selloff on Wall Street overshadowed benign Chinese consumer inflation data.
Google's Race To Lead Wearable Tech Future
Fri, 11 Apr 2014 02:02:29 GMT
Fitness bands to drive wearables market, bullish report says
Fri, 11 Apr 2014 00:55:00 GMT
NQ Misses Earnings Views, Reports Accounting Error
Thu, 10 Apr 2014 23:37:00 GMT
Google Glass Goes On Sale to the Masses (for One Day Only)
Thu, 10 Apr 2014 23:13:15 GMT
The Wall Street Journal – First Google partnered with the owner of Ray-Ban and Oakley sunglass brands in its fight to make Google Glass cool. Now it is adding hype with a daily deal.
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