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Jeff Williams
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Jeff is a mortgage broker, published author and educator. He is a value/dividend investor who specializes in long term growth. He lives in a beautiful seaside town in BC Canada with his wife and two children.
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  • Google Inc: Assessing Resistance Levels And Price Targets  0 comments
    Nov 27, 2013 9:28 AM | about stocks: GOOG

    Over the past few day's Google Inc. (GOOG) has cleared significant overhead resistance. The resistance level that Google cleared was $1,040.00 per share. Using the Discounted Cash Flow valuation method, I will calculated the next resistance level to create a short-term price target. Also using the DCF method, I will assess the downside risk if the stock drops below the $1,040 resistance price level.

    The Discounted Cash Flow valuation relies heavily on the company's operating income, tax's paid, depreciation & amortization as well as the EBITDA or earnings before interest, taxes and depreciation & amortization to create a stock price target.

    Establishing a resistance level

    As the DCF calculation below indicates Google Inc. traded at 20x EBITDA to create a support level of ~$1,040.00 per share.

    To read more:

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: GOOG
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