Embedded Files
Welcome to my website. Every Sunday I will be publishing a stock pick for the upcoming week. It will include an analysis on why I think the stock will do good and some facts. I hope you enjoy my website and find it useful.
The stock pick of the week is Alphabet Class A (GOOGL). I believe this stock has good potential for the short to mid-term. Recently, it broke through the 180-day SMA, and many analysts have improved their ratings on the stock. For example, Redburn Analytics raised their price target for Google to $150-$165. According to MarketBeat, Alphabet has an average rating of "moderate buy" with a consensus price target of $153.65. Finally, StockNews assigned a buy rating to GOOGL. Alphabet has been outperforming the market recently. It has followed an upward trend for the past week, which could be a sign of things to come. It has also been beating the market this past week. MarketBeat also shows us that there has been a significant increase in recent options volume for GOOGL. This could indicate that it will become a more volatile stock with faster growth than before. GOOGL reached and surpassed its 50-day SMA on Thursday but pulled back slightly on Friday, falling a bit below it. I believe it will surpass the 50-day SMA again and continue to rise for about 1-2 weeks, followed by a sideways or slightly upward trend.
Page updated
Google Sites
Report abuse