Alphabet Inc (GOOGL) Down 0.66%; Crosses 20 Day Moving Average

Alphabet Inc Daily Price Recap

Alphabet Inc came into today down 0.66% ($9.48) from the open of the day prior, marking the 2nd day in a row a decline has happened. As for how volume fared, yesterday’s volume was up 51.87% from the previous day (Saturday), and up 69.26% from Sunday of the week before. Let’s take a look at the daily price chart of Alphabet Inc.

Alphabet Inc Technical Analysis

First things first: Alphabet Inc crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 9 out of the past 14 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to GOOGL:

    $RNWK collaborations now with $HPE, $GOOGL, $NFLX, $NVDA, and more on their SAFR technology. Not to mention Napster with 3-million+ global paid subscribers, GameHouse (2400 games), RealPlayer, (180-million downloads), and their KONTXT spam and gray route controls. This company brought in over $43M in revenue last quarter and is expanding their operations. Even without thermal announcement (which should be coming), this company is ready to take off!