Frank Cappelleri: Alphabet trades near key $350 level ahead of earnings
2026-07-22 17:38:29
According to CNBC, Frank Cappelleri said Alphabet shares are trading near the key $350 level ahead of results after the close, with that area having served as resistance in early 2026, the launch point for the post-earnings gap in late April, and the range where the stock has moved for the past six weeks. He said Alphabet is still about 7% above its 200-day moving average, now near $322, and that the longer-term trend remains intact unless the stock reacts negatively to earnings. Cappelleri noted the shares are down about 15% from their all-time high after peaking near 410, and said a renewed period of outperformance versus the MAGS ETF would be positive for both Alphabet and the broader MAG7 group.
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