I wrote a post a few nights ago discussing the heavy institutional selling (distribution) in Google over the past several quarters. From what we have seen in 2012 so far, that thesis is even more pronounced. To update the weekly chart, you can see below that Google is on the cusp of losing that key $590 level. It is awfully tough to overcome that kind of heavy selling, especially when trying to break and hold above the $630 brick wall.
Read my original post here.
One Response to Update on Google
Bears need weekly close below 590