Alphabet stock rebounds but volume lags, Chris Perruna notes

Alphabet stock rebounds but volume lags, Chris Perruna notes
Alphabet close to record high

Alphabet shares closed at $337.12, showing a notable move off the 40-week and 200-day moving averages. However, the trading volume was below average for this advance. Chris Perruna observed that Alphabet is now only 1.9 percent off its all-time high and suggested that stronger volume would be preferred for a new high.

Perruna has previously questioned whether Duolingo's 82 percent decline from its peak indicated growth limits or a reset in the company's trajectory, according to a recent report. He has also advised that investors should add to rising stock positions instead of averaging down on losing trades, as discussed in comments on investment strategies. These views frame his current assessment of Alphabet's technical position.

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.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.