Searching for Weakness in Google

I review hundreds of stock charts every day looking to provide you with the best opportunities to trade. One of the indicators I use for long-term signals is the Relative Strength Indicator (RSI). As with many other indicators, being overbought by itself is not a reason to sell a stock. I look for some downside momentum or resistance levels to use as an exit if I'm wrong. No one is right all the time, but with entry and exit levels, we look to minimize exposure while maximizing profits.

Google (GOOG), for example, is long-term overbought on the daily, weekly and monthly charts. The stock generated a long-term overbought signal in May 2013 with an 8% pullback, and again in July 2013 with a 9% pullback. Now with GOOG back to long-term overbought and down four straight days, I'm looking for further weakness....60 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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