Alphabet Spills and Tech Rolls Over
Well Google didn’t help things after the close as CBS Marketwatch headline reads
“Google ad sales take a hit and widely miss estimates, Alphabet stock drops 6%”
From Zhedge:
EPS $1.06, missing estimates of $1.25, down from $1.40 Y/Y
Revenue $69.09 billion, up 6% Y/Y and 11% in constant currency, and missing consensus estimates of $70.76 billion
Revenue ex-TAC $57.27 billion, missing estimates of $58.18 billion
As far as the technical chart, still bullish set up with this base, so lets see if the 21p Vwap comes in on the daily right near $100 tomorrow holds on a closing basis:
