Alphabet Inc. (NASDAQ:GOOG) shareholder are suing the board of directors for allegedly covering up sexual misconduct claims against top executives

Alphabet Inc. (NASDAQ:GOOG) shareholder are suing the board of directors for allegedly covering up sexual misconduct claims against top executives

Alphabet Inc. (NASDAQ:GOOG) shareholder are suing the board of directors for allegedly covering up sexual misconduct claims against top executives

Attorneys in San Francisco representing an Alphabet shareholder are suing the board of directors for allegedly covering up sexual misconduct claims against top executives.

The suit comes months after an explosive New York Times report detailed how Google shielded executives accused of sexual misconduct, either by keeping them on staff or allowing them amicable departures. For example, Google reportedly paid Android leader Andy Rubin a $90 million exit package, despite asking for his resignation after finding sexual misconduct claims against him credible.

Similarly, Amit Singhal, was reportedly also allowed to quietly resign after sexual misconduct claims were made against him, too. He was ultimately asked to leave his next job, at Uber, for not disclosing the allegations, which he denied.

Rubin also denied misconduct through a spokesperson and on Twitter at the time of the New York Times report.

The original story spurred fury and frustration among Google employees, who staged a massive protest where thousands walked out of their offices around the world. In response, the company ended its forced arbitration policy for sexual misconduct allegations and said it would start providing more transparency around sexual harassment investigations.

Overall, the bias in prices is: Downwards.

The projected upper bound is: 1,141.58.

The projected lower bound is: 999.03.

The projected closing price is: 1,070.31.

Candlesticks

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 23 white candles and 27 black candles for a net of 4 black candles.

A hammer occurred (a hammer has a long lower shadow and closes near the high). Hammers must appear after a significant decline or when prices are oversold to be valid. When this occurs, it usually indicates the formation of a support level and is thus considered a bullish pattern.

A hanging man occurred (a hanging man has a very long lower shadow and a small real body). This pattern can be bullish or bearish, depending on the trend. If it occurs during an uptrend (which appears to be the case with ALPHABET INC C) it is called a hanging man line and signifies a reversal top. If it occurs during a downtrend it is called a bullish hammer.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

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 83.6413. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 5 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 55.12. 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 60 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 87. This is not a topping or bottoming area. The last signal was a sell 0 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 8 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed down -4.330 at 1,070.330. Volume was 22% below average (neutral) and Bollinger Bands were 5% wider than normal.

Open High Low Close Volume___
1,067.6601,071.1501,057.7101,070.330 1,456,421

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 1,053.89 1,048.91 1,112.70
Volatility: 37 43 33
Volume: 1,688,767 1,969,712 1,709,566

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 3.8% below its 200-period moving average and is in an upward 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 bullish on GOOG.O and have had this outlook for the last 3 periods.

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