The question for Alphabet is whether it can make the math work and profit from a deal to carry the NFL Sunday Ticket package of out-of-town games. Read More...
TheStreet.com
Here’s Why You Should Avoid the Long Side of Alphabet
In my last review of Alphabet on October 25, I wrote that “I have no special knowledge of what GOOGL will report to shareholders Tuesday evening but the charts and indicators are not positioned for a sustained advance.” In this daily bar chart of GOOGL, below, we can see that as the New Year approaches GOOGL is trading below the declining 50-day moving average line and below the declining 200-day line. The daily On-Balance-Volume (OBV) line has been weak all year as sellers of GOOGL have been more aggressive than buyers.
