$GOOGL has been a laggard of late, and I don’t think the worst is over for the tech giant. It has been grinding up slowly, and I am looking to get short once it grinds it’s way to the $554.61 level.
My first target on the trade is $533, but I really like the 508 level as the final target, where I will look to reverse. My stop on the trade is above the zone at $555.87.