Candlestick Trading Blog

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As the Google stock price for the Internet search giant passed $500 per share in late November 2006, it continued to evolve as a true force as reported in Wall Street news. The Silicon Valley based firm has moved into the number two spot among all Valley companies in market value, surpassing such companies as Intel Corp, while trailing only Hewlett-Packard Co. Ironically, HP was started in a garage sixty-seven years ago and Google was also born in a garage eight years ago. Google’s powerful rise makes them currently a strong investment option and an excellent target for long term investing.

The incredible success of Google has made multibillionaires of its two founders and its chief executive, as well as making millionaires of hundreds of other Google employees. Many successful traders are looking to own a piece of the Internet’s most powerful company. Google has created a brand recognition so strong that the term “google” has become a part of the English language. All of this has vaulted Google stock into not only rarified air with its stock price history, but cemented its reputation as an investment option while leading investors to use it as a part of their stock market strategies.

Since its emergence as a publicly traded company in August 2004, the Google stock price has steadily risen. The Google stock IPO was $85 per share and the company broke the $100 per share barrier the same day. Google’s trip to $200 per share took less that three months and seven months later, the $300 plateau was reached as well. The Google stock price achieved $400 per share in November 2005. Such a steady rise has caused Google stock to become a reliable portfolio diversification tool for many investors.

Google has used its recent acquisition of YouTube Inc, to fuel this latest climb in stock price and as the company introduces new ways to glean more dollars from online advertising, it is extremely likely that the strength of this investment option called Google will continue to grow.

As investors perform fundamental and technical analysis looking for trade prospects, companies such as Google will continue to rise to the top of the list. While the price per share is prohibitive for many investors, Google stock shows no signs of slipping as an investment option. Analysts generally do not view the Google stock price as over-inflated, citing its rapid growth that many believe will push the company’s market value above $200 billion and its share price over $600 in the next year. Google has shown an aggressive approach to future growth and should be viewed by those investing in the stock market as an investment option not only today, but well into the future.

Google’s rise from the garage in eight short years has been powerful, affecting the Internet and Wall Street alike. As its stock price breakouts soar to new heights, Google will continue to be a strong investment option for many years.