Alphabet Inc (GOOGL) Heads Up For the 2nd Day In A Row

Alphabet Inc Daily Price Recap

Alphabet Inc closed the day prior up 1.49% ($20.88); this denotes the 2nd day in a row it has gone up. This move happened on lower volume, as yesterday’s volume was down 10.67% from the day before — and down 23.94% from the same day the week before. Here is a daily price chart of Alphabet Inc.

Alphabet Inc Technical Analysis

The first thing we should note is that the current price of Alphabet Inc is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Alphabet Inc’s price has gone up 6 them.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about GOOGL:

    U.K.'s antitrust watchdog called on the UK govt to introduce a new regulatory regime to boost competition, and tackle $GOOGL & $FB market power in digital advertising.

    The Competition and Markets Authority said existing laws aren't suitable for effective regulation of the behavior of major platforms funded by digital advertising. This conclusion followed a year-long examination of online platforms and digital advertising, after which the CMA said Facebook and $GOOG –have developed such unassailable market positions that rivals can no longer compete on equal terms.

    The regulator said Google and Facebook earn about 80% of digital-advertising spending in the U.K., which was around £14B last year.

    The CMA said Facebook and Google's large user base is a source of market power and each has unmatchable access to user data.