In one trading session, Google dropped from 50 Day Moving Average to the 200 Day moving average, threatening once again to break the upward trend in the stock. Is the momentum broken yet? I'd lean towards no at this point. Like a certain law of physics, stocks tend to continue on in the same direction until compelled into the opposite direction. However, a break of the 200 Day Moving Average isn't a small deal and must be turned around in the next few trading sessions. The 200 Day must hold for the bull trend to continue in the general market.
A RAY HOLDEN STORY
Stephen Moran lives in Las Vegas with his beautiful wife, baby Kiana, and two dogs.