Good entry point for goog

The current closing price of $179.86 for Alphabet Inc. (GOOG) may not be an ideal entry point for investors seeking a low-risk opportunity, as it is near the higher end of the recent price range and has been volatile. However, for those looking for a potential upside, here's a perspective:

1. Recent Performance: GOOG's stock has experienced a decent share price growth of 20% on the NASDAQGS over the last few months, which brings it closer to its yearly peak. This recent growth could indicate a positive market sentiment towards the company.
2. Moving Averages: The stock's 5-day moving average is $176.51, its 10-day moving average is $174.35, and its 50-day moving average is $164.92. The current closing price is above these short-term and medium-term moving averages, suggesting a potential for the stock to continue its upward trend.

3. Technical Indicators: The Relative Strength Index (RSI) is at 69.69, which is considered to be in the overbought territory and may indicate a potential pullback. However, the Moving Average Convergence Divergence (MACD) is at 2.38, and the KDJ indicator is at 84.49, both of which suggest that the stock has momentum and could continue its upward trend.

4. Analyst Ratings: The consensus rating is a "Strong Buy" with an average price target of $209, which is higher than the current closing price. This suggests that analysts believe the stock has room to grow from its current level.
5. Dividend and Buyback: Alphabet has recently joined the dividend-paying stocks, offering a 0.47% yield with a quarterly dividend of $0.20 per share. Additionally, the company is aggressively repurchasing its shares, which could be a sign of management's confidence in the company's future prospects.

In conclusion, while the current price may not be an ideal entry point for investors looking for a low-risk opportunity, those willing to take on a bit more risk may find the potential for growth attractive. It's important to consider the company's strong financial performance, positive analyst ratings, and technical indicators when evaluating the stock. Investors should also keep an eye on any potential pullbacks or volatility that could impact the stock's price in the short term.