Google (GOOG) Shares Down $18; Traders Looking to Test $400 Level

June 22, 2009 1:24 PM EDT
Shares of Google (Nasdaq: GOOG) have fallen more than 4% today amid the 3.2% sell-off in the Nasdaq Composite index. The stock is currently down nearly $18 to $402.28.

Traders seem to be testing the $400 psychological support/resistance level. Notably, today's downside comes amid above average volume: 2.4 million shares have been traded, which compares to the stock's 30-day average volume of about 3 million shares.

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