Posted 3/4/2024, 5:54:00 PM
Google Stock Falters After Earnings, Facing Rising Competition from AI Rivals
- Google stock triggered two sell signals since its latest earnings report on Jan. 30
- Shares gapped down after Q4 results and closed below the 10-week moving average
- The stock fell below its previous buy point of 139.42, triggering the round-trip sell rule
- Google's Relative Strength Rating has dropped to 73 from 91 six months ago
- The company faces increasing competition from OpenAI, in which Microsoft has a big stake