Alphabet shares approach recent highs
After overcoming pressure on Alphabet shares, bulls were finally able to break above resistance at $322.00, sending the stock higher to $337.00, where yesterday’s trading session closed.
Although the shares are trading near $336.00 in premarket activity, the outlook remains constructive, and the price may continue to advance toward the $345.00-$347.50 area.
Bears may become more active near these levels, triggering a pullback. However, each decline may still be viewed as a buying opportunity. A loss of support at $322.50 would expose the stock to a decline toward the $312.00-$307.00 range.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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