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GOOG Nearing $700
By Stock Charts | October 30, 2007
Shares of Google (GOOG) are nearing $700 after powering through the 600’s over the past 2 months. For the quarter, the company earned $3.91 per share, handily surpassing Wall Street’s $3.78 estimate. Net revenue was $3.01 billion, well above the $2.94 billion Thomson Financial target. After the earnings report came out, Google has been on a tear and hasn’t looked back. However it’s clear that Google is a bit overbought at this point and there may be a psychological resistance at $700.
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