The analyst predicts that GOOG will inevitably return to its 200 WMA and recommends buying at that point despite no fundamental reason for the move.
GOOG has historically returned to its 200 WMA despite no fundamental justification; the market behaves irrationally, creating buying opportunities.
If there is one company I would recommend you to sell your dog to buy when it touches its 200 WMA Its $GOOG $GOOG has no right to return to its 200 WMA anytime soon, zero reason But it will, like it has regularly done so in the past The market loves being irrational When you get this chance and it is inevitable, you must take advantage of it.
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +0.0% | +0.0% |
| 1 week | +3.9% | +2.5% |
| 1 month | -5.3% | -5.3% |
| 3 months | — | — |
| 6 months | — | — |