Trend Profile - Google Inc.

  • 25 October 2010 |
  • Written by  Skot Kortje, Stock Trends Analyst
  • font size
  • Print

Looking for Google' shares to rally to the stock's all-time high? Now may be the time to catch the ride.

The Stock: Google Inc. (GOOG-Q) Recent price: $612.53 (U.S.)

The Trend

Three months ago, in the dog days of summer, this column suggested that
the technology sector was following a bearish trend and advised backing
away from or shorting big-capitalization tech stocks. However, the
sector rebounded with the rest of the market in September; the Nasdaq
100 index, representing blue-chip techs, galloped to a 17 per cent gain
in the past two months, hitting new 52-week highs this month. Of course,
a big contributor to that performance is Apple Inc. But developing
trends in other tech shares suggest it's time to take another swing at
the sector.

Global tech stocks have come to the fore again, with the Stock Trends
weekly trend filters recently plucking a number of tech names as
potential buy candidates, including Qualcomm, Cypress Semiconductor,
Logitech International, Xerox Corp., Alcatel-Lucent, and Sierra
Wireless, as well as technology-based exchange-traded funds such as the
Select Sector SPDR Technology. Rallying during the period, too, are
Amazon and eBay - both stocks reached new 52-week highs. Next to
precious metals stocks, tech equities are attracting the most bullish
investor interest in U.S. markets this quarter.

The Trade

Google shares have rallied from the $450 level at the beginning of
September to a $600 stock again after strong earnings drove shares
higher earlier this month and primed investors for another bull trend
for this marquee stock. Google's stock has an impressive performance
history once a positive price trend has established itself. Last year's
bull trend raised Google's share price from below $400 back to a $630
peak before slipping early this year. An approaching Stock Trends
Bullish Crossover - a cue that a new long-term bullish trend is
commencing - as well as the opportunity to scale an important resistance
level at the 2010 high could once again open up the stock to a forceful
rally. Scaling the $630 mark should trigger more trading and would be a
good entry point.

 

The Upside

While the summer technology call would count as a bad slice into the
woods, an August, 2009, profile of Google in this column proved to be a
smashing drive down the centre of the fairway. A Stock Trends Bullish
Crossover stock at the time, Google's chart indicated that a move above
the $450 level would clear overhead resistance and signal a return to
plus-$500 valuations before the end of the third quarter of last year.
And so it came to be. The stock peaked near $630 at the beginning of
this year before sending sell signals as the stock abruptly dropped
below its intermediate-term trend line. A late February exit on that
bull trend around the $530 level would have been advised before Google's
shares were classified as Stock Trends Bearish in May. Replicating that
20 per cent market timing return would demand a rally to the stock's
all-time high at $747 - a price that aptly conjures up a jumbo jet.
Google bulls are waiting to see it soar again.

The Downside

Google's high share price excludes most retail investors from taking a
new, direct equity holding. Those that can will want to see the stock
stay above $600.
 

back to top

Subscriber Testimonials

  • Your report is an impressive, excellent tool and I have recommmended it to friends.

    Colin E., Subscriber

  • I find your website and research very helpful in my stock trading. I have subscribed to several related services in the past and none present their work with “just the facts” as you. Please keep up the great work so that I can continue to learn! 

    Bryan E., Subscriber
  • I use Stock Trends to help direct my stock picks. Also, following the advice of Stock Trends I have religiously used stop-loss orders and have avoided hanging on to losing stocks for emotional reasons.

    John B., Subscriber
  • Just thought I'd call to thank you, Skot. Stock Trends Weekly Reporter helped pay for my daughter's education!

    Peter H., Subscriber

  • I want to thank you for posting such an excellent guide to technical analysis on the web. You have provided a great service to all of us novice investors.

    Michael C., Stock Trends user
  • I am fascinated with your service and methodology - it is very impressive. [...] Over the years I have concluded that there are many ways to approach stock investing, but once one has chosen a path, one is better off sticking to it.

    Bob E., Subscriber

  • There is a lot to be gained from comparing trends of how individual stocks are doing within a sector, as well as how the sector is performing relative to the broad market.

    Dudley R., Subscriber

  • I've followed your recommendations since reading your columns in the Globe & Mail, and finding they published Stock Trends arrows in their financial listings. I do find them a guide to the general market and what I should be avoiding for declining chart trends.
    Has probably saved me the subscription by not rushing into hot stocks!

    Anthony D., Subscriber
  • An admitted cynic, it's obviously very high praise when he says he likes StockTrends because of its "simplicity, utility, openness, [and] honesty," and in addition to having "no hidden agenda" is "understandably documented [and] historically verifiable." And, he adds, "It lets me see a lot of things without doing a lot of work." Globe and Mail

    Paul W., Subscriber

  • I am something of a momentum investor. I find Stock Trends useful as I can look at my portfolio as a “watch list” and quickly see where trends are declining in strength or reversing, so it is particularly useful as a tool in portfolio management regarding sales.

    William C., Subscriber
  • You have created and maintained an amazing, highly educational program and I am grateful for your part in getting our retirement funds to the good place they are.

    Karin M., Subscriber
  • I am just writing to tell you of my appreciation of your service! It makes so much sense to me. You seem to be an oasis of stability and sensibility in a stockmarket jungle.

    Adrian S., Subscriber

  • Thank you for your excellent work and kind approach to your customers.

    Odette C., Subscriber

  • Stock Trends Weekly Reporter is an easy way to pick up equities that represent an upward trend.

    Subscriber
  • I very much like the systematic approach to analyzing stock data, it fits my approach.

    Subscriber
  • Stock Trends information is part of the base information I review before making a trade.

    Subscriber
  • I have had the good fortune to be reasonably successful and enjoy the investment process. Your process would be recommended for both experts and those who are new to investing.

    Frank I., Subscriber
  • Stock Trends analysis quantifies nicely the movement of individual stocks. I’ve found that if the technicals are out of synch with fundamental analysis, it is a wake-up call to make a decision. The Stock Trends Bull/Bear Ratio is useful in identifying major market bottoms and tops. It has always presented a good buying or selling opportunity.

    Charles G., Subscriber
  • I've followed a number of Stock Trends picks, and the methodology is solid.

    Doug B., Subscriber

  • Hence, anyone who had followed the "Stock Trends" line should have sold their Bre-X shares and, with the windfall, paid for a lifetime subscription to The Globe and Mail and more. Talk about return on investment!

    Muni P., Subscriber

Subscription Plans

Subscription Plans

STWR - Monthly

$19.95

Monthly subscription plan to Stock Trends Weekly Reporter - pay your monthly subscription fees by having them automatically charged (PayPal only). Free 7-day trial period. Subscribers may cancel before the end of any subscription month.

STWR - 1 Year Prepaid Subscription

$199.00

1 Year Prepaid subscription to Stock Trends Weekly Reporter. Save 16% off monthly rate!

STWR - 2 Year Prepaid Subscription

$299.00

2 Year Prepaid subscription to Stock Trends Weekly Reporter. Save 37% off monthly rate!

STWR - 3 Year Prepaid Subscription

$399.00

3 Year Prepaid subscription to Stock Trends Weekly Reporter. Save 44% off monthly rate!

Stock Trends Editorial

  • Long and strong - Bullish trends in specialized retailers
    Long and strong - Bullish trends in specialized retailers Amidst a market still digesting the Federal Reserve’s first rate cut in nine months, one theme stands out in the latest Stock Trends dataset: the remarkable resilience of retail leaders. While thousands of common stocks across NYSE, Nasdaq, and TSX are posting Strong Bullish signals, three consumer-facing companies — TJX Companies, O’Reilly Automotive, and Dollarama — hold the longest uninterrupted Bullish runs on their exchanges.…
    Read more...
  • From Banks to Bytes to Uranium: Strong Bulls Align with ST-IM Signals
    From Banks to Bytes to Uranium: Strong Bulls Align with ST-IM Signals On September 17, 2025, the U.S. Federal Reserve delivered its first interest rate cut in nine months, lowering the federal funds rate by 25 basis points to a new target range of 4.00%–4.25%. This was a response to clear signs of a cooling labor market—slower job growth, shorter workweeks, and rising unemployment in several cohorts. Although inflation remains above the Fed’s 2% target, policymakers signaled…
    Read more...
  • Money management and trading psychology: building a resilient trading plan that integrates with the Stock Trends decision-tree framework
    Money management and trading psychology: building a resilient trading plan that integrates with the Stock Trends decision-tree framework Financial markets are unpredictable. Even when a trading strategy has a positive expectancy, a few bad trades can wipe out an account if position sizes are too large or emotions override discipline. Academic studies show that how much capital is allocated per trade is more influential on long‑term returns than the specific trading system used. For example, research cited by position‑sizing specialist Van Tharp found that…
    Read more...
  • Stock Trends: The Human Side of Market Trends
    Stock Trends: The Human Side of Market Trends Markets don’t move on math alone—they move on people. The screens light up because millions of humans react to news, stories, and each other. Behavioral economics is the field that studies those reactions. This article introduces the big ideas, then brings the story up to date with automated bots and AI trading—and explains how the Stock Trends framework helps you navigate it all.
    Read more...
View all Stock Trends Editorials
 
 

Subscription Plans

STWR - Monthly

$19.95/Month

Monthly subscription plan to Stock Trends Weekly Reporter - pay your monthly subscription fees by having them automatically charged (PayPal only). Free 7-day trial period. Subscribers may cancel before the end of any subscription month.

STWR - 1 Year Prepaid Subscription

$199/Year

1 Year Prepaid subscription to Stock Trends Weekly Reporter. Save 16% off monthly rate!

STWR - 2 Year Prepaid Subscription

$299/2 Years

2 Year Prepaid subscription to Stock Trends Weekly Reporter. Save 37% off monthly rate!

STWR - 3 Year Prepaid Subscription

$399/3 Years

3 Year Prepaid subscription to Stock Trends Weekly Reporter. Save 44% off monthly rate!