Watch Google for a Possible Head and Shoulders Top

Google (GOOG) could be setting up for a head and shoulders top price pattern. GOOG experienced a three-stage upside possibly peaking at $509.65. On November 27, 2006 the stock closed down $20.25 (4.01%). If it bounces back and then declines further, a head and shoulders pattern could form.

Be careful with GOOG.

Related Articles:

Google Closes Above $500
Price Patterns - Head and Shoulders Top Has Three Tops
Price Patterns - Head and Shoulders Top Is a Complex Pattern
Price Upsides Often Occur in Three Stages

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Posted November 28, 2006.