Google's most recent trend suggests a bearish bias. One trading opportunity on Google is a Bear Call Spread using a strike $1115.00 short call and a strike $1125.00 long call offers a potential 42.86% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $1115.00 by expiration. The full premium credit of $3.00 would be kept by the premium seller. The risk of $7.00 would be incurred if the stock rose above the $1125.00 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 40.19 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Google
Lenovo shares set to open four percent down after Google's Motorola deal
Thu, 30 Jan 2014 01:33:47 GMT
Reuters – HONG KONG (Reuters) – Shares in Lenovo Group Ltd are set to open 4 percent lower on Thursday after the Chinese computer maker agreed to buy Google Inc's (GOOG.N) Motorola handset division for $2.9 billion …
[$$] Google Sells Handset Business to Lenovo
Thu, 30 Jan 2014 01:31:18 GMT
The Wall Street Journal – Lenovo agreed to buy Google's Motorola Mobility unit for $2.91 billion, a deal that reverses the Internet company's short-lived move into smartphone hardware.
Google agrees to sell Motorola to Lenovo for $2.9 billion
Thu, 30 Jan 2014 01:28:42 GMT
USA TODAY – Deal to sell Motorola gets Google out of the smartphone hardware business.
[$$] Motorola Deal to Spur Lenovo's Global Ambitions
Thu, 30 Jan 2014 01:22:47 GMT
The Wall Street Journal – Lenovo Group Chairman and Chief Executive Yang Yuanqing said the company expects to sell 100 million handsets in the year after it completes its deal to acquire Google's Motorola Mobility unit for $2.91 …
Google sells handset business to Lenovo
Thu, 30 Jan 2014 01:09:31 GMT
MarketWatch – Google is unloading the handset business to China’s Lenovo Group Inc. for $2.91 billion but keeping a valuable trove of patents.
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