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Tuesday
Apr132010

Google (GOOG) Takes Out Its March Closing High

DateTuesday, April 13, 2010 at 06:28PM

Google (GOOG) rallied $14 today out of nowhere and took out its March closing highs.  From a technical perspective, traders will now set their sights on the bull market closing high of $626.75 made on the first trading day of 2010.  The stock does, however, have one huge speed bump (roadblock?) in its way in the near term -- earnings after the close this Thursday.   Historically the stock has done well on its earnings report days, but if it continues to run up into Thursday, continued gains after even a strong report might be tough.

 

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