Alphabet Inc. (NASDAQ:GOOG) paid $US1 billion to buy a large business park near its Mountain View
Google has paid $US1 billion to buy a large business park near its Mountain View, California, headquarters, according to a Mercury News report on Monday.
The business park Google will acquire in the deal is larger than the Googleplex headquarters located a few blocks away, according to the report. The land parcel is also larger than the Google’s planned “Charleston East” campus that will feature futuristic domes and canopies.
The deal is the latest big-ticket real-estate purchase by Google and parent company Alphabet, as the internet giant’s aggressive expansion plans swell its headcount. As of September 30, Alphabet had 94,372 employees, an increase of roughly 16,000 employees from one year ago.
And with more than $US100 billion worth of cash and short-term securities on its balance sheet, Alphabet can afford to go on a real-estate shopping spree.
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 1,113.89.
The projected lower bound is: 978.39.
The projected closing price is: 1,046.14.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 24 white candles and 26 black candles for a net of 2 black candles.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 57.6850. This is not an overbought or oversold reading. The last signal was a buy 6 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 46.60. 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 30 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 -24. This is not a topping or bottoming area. The last signal was a buy 2 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 0 period(s) ago.
Rex Takasugi – TD Profile
ALPHABET INC C closed up 24.740 at 1,048.620. Volume was 15% above average (neutral) and Bollinger Bands were 25% narrower than normal.
Open High Low Close Volume___
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 1,040.04 1,103.71 1,120.73
Volatility: 36 40 32
Volume: 1,652,191 1,851,773 1,684,152
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.
ALPHABET INC C is currently 6.4% below its 200-period moving average and is in an downward trend. Volatility is high 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 bearish on GOOG.O and have had this outlook for the last 34 periods.
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