Price Direction Indicator (PDI) Shows Google Remains on the Downside

Google (GOOG) remains on the downside. Google's closing price peaked on January 11, 2006 and the Price Direction Indicator (PDI) peaked on January 31.

On February 7 the daily PDI fell below the daily PDI 20-day simple moving average (SMA) confirming the price downside and initiating a sell signal. As of March 21 the daily PDI remains below the daily PDI 20-day simple moving average indicating the downside is still in place.

Posted March 22, 2006.