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Thursday, October 13, 2011

Google Q3 earnings preview 10/13/11

Overview
Shares of Google Inc. (NASDAQ:GOOG) are trading higher by +1.26% ahead of its quarterly earnings release. Google, the owner of the largest Internet search engine in the world is expected to release its quarterly results on October 13th.

Wall Street Analysts consensus calls for a profit of $8.74 a share on $7.19 billion revenue.

Google estimates have a range of $1.06 a share. The high estimate calls for profit of $9.15 a share and the low estimate is calling for a profit of $8.09 a share, a year ago for the quarter the company reported $7.64 a share.

Google Inc. (NASDAQ:GOOG) is a global technology company that provides a web based search engine through its website. Its automated search technology helps users to obtain instant access to relevant information from its online index


Google Inc.. GOOG Stock Technical Analysis

GOOG resistance , pivot & support
Resistance R3 $564.87, R2 $560.05, R1 $554.27
Pivot Point $549.45
Support     S1 $543.67, S2 $538.85, S3 $535.07


Share of Google has big run before earning last few days.Stock has resistance area are $575 followed by $600 and suppoet level is $500.When google report earning stock always move either way $50, so keep on eye if you trade.

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