For Alphabet, $1,200 Looks Like It's in the Cards

When reviewing Alphabet Inc. (GOOGL)  in late April ahead of its earnings release, I was a confused Oracle of Delphi writing that, "Handicapping a widely followed stock ahead of an earnings release is hard. The best and the brightest and the most connected have placed their bets so to speak and I have to shift through the price and volume data to see if there are any clues. We have a battle between the east and the west with western indicators having a bullish slant and the eastern candlestick poised for a reversal. We have risk and that implies opportunity, unfortunately I don't have a strong conviction at this point in time."

Prices actually declined into late April/early May before rallying back the past five weeks. With the price of Action Alerts PLUS holding GOOGL close to a test of its January and March highs a fresh review of the charts and indicators is a good idea Wednesday morning....255 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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