GOOG, Google Inc., at price level support.

March 18, 2011 in Daily Outlook

image thumb37 GOOG, Google Inc., at price level support.

GOOG, Google Inc., at price level support.

image thumb38 GOOG, Google Inc., at price level support.

GOOG broke but is currently holding just below 200 EMA.  Watch for rebound and be mindful of approaching earning date.

 

Strategies to Consider – Current Price action = $561

Shorting Bull Put April $520/$500 strike collects $2.5 in premium on $20 exposure.  Requires GOOG not close below $520 by April expiration.

Click here for addition information regarding GOOG

Please note price approximations.

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