If you’re to ask me, I think Google (GOOG) has done a remarkable job of holding its value this year. I know there have been some fairly rough patches where it declined in excess of 20% on multiple occasions, but as it stands right now, GOOG is close to breaking out to multi-year highs. Considering the year that the market has experienced, I wouldn’t say there is not a lot of stocks that can make the same claim.
But GOOG is coming up on a cross roads here fairly quickly, and it’ll be interesting to see what path it takes once it reaches that juncture on its weekly chart.
Here’s what I’m seeing:
