For Now, Maintain a Long Position in Google
Posted on February 19, 2013 at 10:48 AM EST
We wanted to update readers on our December 2012 Buy call on Google (NASDAQ:GOOG). On December 3 we suggested starting a position around the $698 level as we got a Buy rating in the name. Then on December 20 we went to a Strong Buy around the $719/$720 level. Surprisingly as the stock breaches $800 and is up not over 10% it's not even at the Approaching Overbought level. For those who are not familiar with our platform we quantitatively use statistical price series to grade all securities. We break down the strength of each security with a generic ...