Alphabet Stock Hits Record High After Google Parent Reports Strong Earnings—Monitor These Key Levels

Source: TradingView.com Key Takeaways Alphabet reported earnings that topped Wall Street estimates, as quarterly revenue surpassed $100 billion for the first time. Alphabet shares broke out from a flag pattern earlier this month, indicating a continuation of the stock’s strong uptrend. However, the relative strength index sits in overbought territory, increasing the likelihood of near-term profit-taking or consolidation. The measuring principle forecasts a potential upside target of $360. Investors s ...