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March 25, 2023
A quick look at yesterday: Google moves 0.19% to close at $106.06 yesterday.
The MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions. The upper Bollinger Band® for Google stands at $100.64, indicating possible gains could follow.
Despite muted price action in Google, chart analysis indicates it is positioned for a bullish run in the short term.
Meanwhile, mixed performances were seen by other communication services stocks as Netflix added 2.5% to its value, and traded at $328.39. Verizon was up 0.78%. Meta Platforms gained 0.85%, as it traded at $206.
