The heavy on the chart is just 1.5% above current prices and the is down 7.0% for a 1:4 ratio of upside potential to downside potential.
I will keep an eye on news as clearly the Facebook IPO is having a major effect on the trading in GOOG , but their acquisition of Motorola Mobility could help them grow their business substantially going forward. For now, the support looks like it could be tested.
10:34AM 611.75 last GOOG
May 22, 2012