Alphabet Inc. (NASDAQ:GOOG) agreed to pay $135 million to two former executives accused of sexual harassment

Alphabet Inc. (NASDAQ:GOOG) agreed to pay $135 million to two former executives accused of sexual harassment

Alphabet Inc. (NASDAQ:GOOG) agreed to pay $135 million to two former executives accused of sexual harassment

Google agreed to pay $135 million to two former executives accused of sexual harassment, it confirmed to The Verge today. We now know from a newly unsealed lawsuit that former senior search vice president Amit Singhal was initially offered $45 million, triple the amount he ended up walking away with.

The figure was first reported by CNBC, which spotted a newly unsealed shareholder lawsuit against the company. According to the suit, former head of Android Andy Rubin allegedly received an offer for a $150 million stock grant, which he then allegedly used to negotiate the $90 million in severance pay we’d heard about in previous reports. Singhal’s $45 million offer was reduced to $15 million because he joined a rival company, Uber.

Google employees protested how the company had handled sexual harassment complaints last November. In response, the company agreed to end its forced arbitration policy in cases of discrimination and harassment. It also promised to end pay and opportunity inequity and make its annual internal report on incidents of sexual harassment available to all employees.

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 1,110.62.

The projected upper bound is: 1,228.27.

The projected lower bound is: 1,128.70.

The projected closing price is: 1,178.49.

Candlesticks

A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
During the past 10 bars, there have been 8 white candles and 2 black candles for a net of 6 white candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 62.4948. This is not an overbought or oversold reading. The last signal was a sell 2 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 67.35. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 100 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 120.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 2 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 6 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed up 33.440 at 1,175.760. Volume was 1% below average (neutral) and Bollinger Bands were 14% narrower than normal.

Open High Low Close Volume___
1,144.4501,176.1901,144.4501,175.760 1,719,192

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 1,142.12 1,097.50 1,125.04
Volatility: 21 29 32
Volume: 1,352,018 1,484,073 1,626,170

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

ALPHABET INC C is currently 4.5% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of GOOG.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on GOOG.O and have had this outlook for the last 5 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.

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