Shares of Google (NASDAQ:GOOG) have bullishly opened above the pivot of $698.18 today and have reached the first resistance level of $702.89. Should the shares continue to rise, the resistance pivots of $708.21 and $718.24 will be of interest.
Google has overhead space with shares priced $706.93, or 11.4% below the average consensus analyst price target of $798.26. The stock should find initial support at its 50-day moving average (MA) of $704.80 and further support at its 200-day MA of $642.01.
Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches.
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 $706.93, 49% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.2%.