Recall after the last earnings report back on April 24, earnings beat expectations and initially moved higher but then fell sharply on reports of the search engine giant losing market share to the other AI engines.
Looking at the hourly chart, the price is running from the 50 hour MA at $182.71, and the 100 hour MA (at $179.63) and the 200 hour MA at $176.59. A move below the 50-hour MA would imply a decline of about 3.25%. A move below the 100-hour MA would imply a decline of just short of 5% and to the 200 hour MA would imply a decline of around 6.5%. All of those are doable on disappointment and will be eyed by traders for technical clues in the short term. It was only July 10th that the price was below the lowest 200 hour MA.
Of course, if the price is able to hold above 50, 100 or 200 hour MA, the buyers are still in play, they just lose some of the bullishness. It would take a move below all three - and staying below - to give the sellers more control (at least in the short term), with the 38.2% the next key target that if broken adds to the short term bearishness.
EPS: $2.17 vs $1.89 a year ago (+14.81%)Revenues $93.91B vs $84.74B a year ago +10.8%).
Below is a look at the key releases this week.
Monday 7/21 – After Close • NXP Semiconductors (NXPI)
Tuesday 7/22 – Before Open • Lockheed Martin (LMT) • Coca‑Cola (KO) • Philip Morris (PM) • General Motors (GM) • D.R. Horton (DHI) • Northrop Grumman
Tuesday 7/22 – After Close • Texas Instruments (TXN) • SAP (SE) • Intuitive Surgical (ISRG) • Capital One (COF)
Wednesday 7/23 – Before Open • AT&T (T) • GE Vernova (GEV) • Freeport‑McMoRan (FCX) • General Dynamics
Wednesday 7/23 – After Close • Tesla (TSLA) • Alphabet (GOOGL) • ServiceNow (NOW) • IBM (IBM) • Chipotle (CMG)
Thursday 7/24 – Before Open • American Airlines (AAL) • Nokia (NOK) • Dow (DOW) • Southwest (LUV) • Honeywell (HON)
Thursday 7/24 – After Close • Intel (INTC)
Friday 7/25 – Before Open • Centene (CNC)
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about alphabet highlights the earnings calendar this week was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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