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downloading your reports. Issues "Approaching Overbought" Alert for Google (NASDAQ:GOOG)


Consider reducing 50% of your exposure.

MINYANVILLE ORIGINAL We wrote about Google (NASDAQ:GOOG) on August 23, telling readers that the stock made our proprietary Top 20 Strongest S&P 500 (INDEXSP:.INX) names based on our algorithm. Back on July 30 Google moved to a Strong Buy from a Buy and it's now up 15%. We have been waiting to get an Overbought reading and today we got an Approaching Overbought reading. We use three levels of "overbought" -- Approaching Overbought, Overbought, and Extremely Overbought. Our system suggests reducing 50% exposure with an Approaching Overbought level. We will reduce the rest of the position at an Overbought level.

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