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[Costa]

Google Inc (NASDAQ:GOOG) recently broke down from its consolidation pattern. If you notice on the chart, the MACD made a bearish crossover below the zero line as the break down took place. As for my technical analysis , the stock could continue to go down and find some support around 840. If that support does not hold, the next support could be the rising EMA200 at 813. Daily technical indicators are bearish. MACD is dropping into negative zone and is below its signal line. Both RSI and Slow Sto have entered their respective oversold zones. Short-term Bearish.

Stocks to Watch for August 15, 2013