Searching for a Stock to add to your watchlist? Check out: $GOOGL (November 24, 2020)
GOOGL
This is Scott with your Chart of the Day. I want to take a look at Google ( NASDAQ: GOOGL ). It looks like the Nasdaq has really been searching for some leadership and we might be seeing that in a stock like Google ( NASDAQ: GOOGL ).
Google ( NASDAQ: GOOGL ) had a nice day today. As you can see it popped back above the daily 8 exponential period moving average and did it on a decent pickup in volume; not higher than average volume but still worth noting. You can see how for the last month or so Google ( NASDAQ: GOOGL ) has just kind of gone sideways building a nice base of consolidation right along this key moving average.
What I want to see from Google ( NASDAQ: GOOGL ) is a move above this downward sloping trendline on volume for potentially continuation of this uptrend. So what I would do here on Google ( NASDAQ: GOOGL ) is, you probably want to have an alert, maybe right around $1,770.00. And take a look at it; you will want to see a move above this downward sloping trendline coming on higher than average volume. So if you are searching for a stock to watch tomorrow keep an eye on Google ( NASDAQ: GOOGL ).
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