Don't look now, but Google (GOOG) posted a new 52 week high close on Friday. I am not sure if there was any fanfare attached to this, as I did not watch much of CNBC Friday, but I believe this is an important development. Google is a tech leader, and its leadership is required now that Amazon is breaking down.
What I really like about this breakout is that it is coming from a huge base dating back to 2009. The overall pattern has that shape of a cup that William O'Neil loves, and I suspect that a high handle will come in the next few months if you don't hop on now.
Scott Cole
www.whentobuyandsellstocks.com
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