By Chip Brian
source:mysmartrend.com
SmarTrend identified a Downtrend for Google (NASDAQ:GOOG) on April 26, 2010 at $537.10. In approximately 2 months, Google has returned 10% as of today's recent price of $483.19.
Google is currently below its 50-day moving average of $521.46 and below its 200-day moving average of $541.23. Look for these moving averages to decline to confirm the company's downward momentum.
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