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Google Inc. (NASDAQ:GOOG)

Posted on October 16, 2011 at 16:06 PM EDT

Google Inc. (NASDAQ:GOOG)

Technical Features:

A: Broken uptrend.
B: Uptrend.
C: Support at $450.
D: Resistance at $650.

GOOG has been bouncing between support (C) at $450 and resistance (D) at $650 for almost 2 years. An optimist could make a case for a new uptrend (B), but until GOOG breaks resistance (D) it remains a hold.

Summary: Hold.

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