Earlier this week, shares of Alphabet were hitting yet another new all-time high, suggesting a renewed leadership role for this leading growth name.
What a difference a day makes when it comes to companies reporting earnings. But after a disappointing earnings release on Tuesday, the stock gapped lower to bring the uptrend phase into question. Let's look at Alphabet using a series of technical indicators, evaluate the initial postearnings drop relative to previous price support and reflect on what further deterioration could mean for this former high-flying "Magnificent Seven" stock.
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