Prices have trended higher for a year and are now retesting highs from July.
Nothing from Alphabet's CEO changes has me thinking short. In fact, I'd use any weakness to consider a long side trade.
The risk exists that the social media giant's shares could gap sharply lower based on its charts.
Alphabet's stock may go higher. I just don't care.
Let's check and see if this rally moves the needle enough to recommend a long position.
Buyers of the provider of Internet services have been more aggressive in recent weeks.
This is one name that I would not write puts on even though the premiums are attractive.
As Alphabet trades higher as investors expect a positive earnings report, the indicators show a bullish path for the the tech giant.
Let's check out the recent price action.
Slack could shift sentiment with a strong earnings report on Wednesday.