April 14, 2010

Can Google (GOOG) Breakout?

Google (GOOG) rallied sharply in yesterday`s session with no significant news:

"Google (GOOG) rallied 14 dollars today out of nowhere and took out its March closing highs. From a technical perspective, traders will now set their sights on the bull market closing high of 626.75 USD made on the first trading day of 2010. The stock does, however, have one huge speed bump in its way in the near term - earnings after the close this Thursday. Historically the stock has done well on its earnings report days, but if it continues to run up into Thursday, continued gains after even a strong report might be tough." in Bespoke Investment Group

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