One interesting development is coming out of the Internet Sector. About 40% of internet stocks are showing a bullish PnF buy signal. This has been steadily increasing over the past week.
[[GOOG]] is looking like it is setting up for a potential breakout of a quadruple top. The buy signal is on a move to $592. Momentum has been positive for almost two weeks now and relative strength has improved.Disclaimer: This information is not intended to be used as the primary basis of investment decisions. Because of individual investors requirements, it should not be construed as advice designed to meet the particular investment needs of any investor. Consult your financial advisor prior to taking any actions. The information and opinions contained here are those of the author and are not necessarily the same as those of iBankCoin, its principals or its affiliates. The author has a position in the stock. Trade at your own risk.
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