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Is Thursday a Good Day to Buy Alphabet Inc Class A (GOOGL) Stock?

Thursday, December 05, 2019 12:44 PM | InvestorsObserver Analysts

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Is Thursday a Good Day to Buy Alphabet Inc Class A (GOOGL) Stock?

Alphabet Inc Class A (GOOGL) stock is up 0.40% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Click Here to get the full Stock Score Report on Alphabet Inc Class A (GOOGL) Stock.

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With GOOGL Stock Today?

Alphabet Inc Class A (GOOGL) stock is trading at $1,317.42 as of 12:38 PM on Thursday, Dec 5, a loss of -$1.52, or -0.12% from the previous closing price of $1,318.94. Volume today is light. So far 495,384 shares have traded compared to average volume of 1,452,545 shares. The stock has traded between $1,314.32 and $1,327.72 so far today.

To screen for more stocks like Alphabet Inc Class A click here.

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