Google (GOOG) 10%+ Gaps Higher

On Friday, Google (GOOG) opened the trading day higher by 10.79% after reporting strong earnings after the close on Thursday.  The huge gap in price can be seen all the way to the right in the chart of Google below.  In Google's relatively short history as a publicly traded company, the stock has now had 5 gaps higher of at least 10%.  All of these 10%+ gaps have come on the morning following earnings reports, and two of the four prior ones occurred after the company released its Q3 numbers.  As shown below, the stock has continued higher over the next week in three of the four prior occurrences for an average gain of 2.45%.  Over the next month, GOOG has continued higher twice, and over the next three months it has been higher three out of four times.  Over all three periods the stock has averaged gains.

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