TrillionDollarBreaks – Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) Shows Technical Strength With Breakout Past Key Resistance
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) is displaying bullish momentum as it breaks out above a 153.78 buy point from a flat base, signaling renewed investor confidence in the tech giant. The move comes after a period of consolidation and is supported by healthy trading volume. Alphabet, the parent of Google, has also recently crossed its 50-day moving average, a key technical indicator watched by traders. With its artificial intelligence initiatives gaining traction and solid earnings growth, the stock appears well-positioned heading into the second quarter. Alphabet shares are currently trading around $157.89, up 0.4% on the day and maintaining a…