In last evening’s Forecast Report, Google (GOOG) indicated a potential pre-market open Friday near 560 to 555. We noted potential long plays from 549 up to 553.69, and secondarily, near 555.
GOOG began pre-market trading at 564.27. From there, the stock fell to the pre-market low of 556.20, which also proved to be the low of the day. Our low target was not reached. For traders that moved in at the 556.2 low, that play, measured to the 570.60 day high, is 2.6% in the black.
