Friday, May 30, 2008

Google set to grow.

Technical picture shows Google (GOOG) shares returned back above 200 days moving average. This confirms growing trend giving nice signal to long term investors. Open long position with stop loss on level of 200 MA.

Main fuel for Google share were Yahoo (YHOO) - Microsoft (MSFT) - Google (GOOG) deal news together with latest ComScore (SCOR) statistics. Numbers indicate 20% growth in paid clicks. Total clicks growth is 28%. Better than expected data includes only US clicks.
It's still in our mind last ComScore report before Google's Q1. Nevertheless ComScore released slower growth for US clicks, Google posted very good Q1 results which lifted stock. Mainly due to growth outside of US.
Coming back, good US paid clicks rate altogether with possible outstanding global growth. It could be good time to think about Google.


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