Google set to grow.
Source: http://stockweb.blogspot.com/2008/05/google-set-to-grow.htmlPosted on Friday, May 30th, 2008 | In Current Market News, Europe, Exchange Traded Funds, Stocks to Watch
Technical picture shows Google (GOOG) shares returned back above 200 days moving average. This confirms growing trend giving nice signal to long term investors. Open long position with stop loss on level of 200 MA.
Main fuel for Google share were Yahoo (YHOO) – Microsoft (MSFT) – Google (GOOG) deal news together with latest ComScore (SCOR) statistics. Numbers indicate 20% growth in paid clicks. Total clicks growth is 28%. Better than expected data includes only US clicks.
It’s still in our mind last ComScore report before Google’s Q1. Nevertheless ComScore released slower growth for US clicks, Google posted very good Q1 results which lifted stock. Mainly due to growth outside of US.
Coming back, good US paid clicks rate altogether with possible outstanding global growth. It could be good time to think about Google.
Last 5 posts by Vlada Kynsky
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 About Vlada Kynsky (http://stockweb.blogspot.com/)
Vlada Kynsky studied economics and gained work experience as SAP analyst in information technology. His origin is in Czech Republic but due to different work assignments lived in many European countries. He explores mainly emerging markets. In his research he focuses on ETF and international stocks. Another area of interest are technology stocks. |
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