Google Inc. (NASDAQ:GOOG) blasted through the key $630.00 resistance today as it looks to have finally broken out to the upside. Since late 2009, Google has been stuck between the $630.00 level and the 2010 lows at $430.00. Finally, after running into $630.00 late in 2010, it appears Google has broken out. The next question is, where will the next stop be? The first major resistance on Google is $655.00. This will most likely coincide with a small pull back in the very least. After that level, the stock may head to $700.00, a major resistance point. This looks to be a powerful breakout, follow it closely. As long as it stays above $630.00, the break out holds. Should it close back below $630.00, the breakout has failed.
Gareth Soloway
InTheMoneyStocks.com
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