TradingKey – Alphabet (NASDAQ: GOOGL) stock closed at $356.65 (+ 6.88%) after surging to $360.21 in after-hours trading. It rebounded 14% from the post-earnings low of $315.04 reached on July 24. Alphabet stock crossed the 50 Days Moving Average ($341.48) and the 100 Days Moving Average ($351.43) and broke the previous Swing High of $353.84. 

The targets for the current leg of the move using the Fibonacci extension are $364.23. The stock is trading with a trailing P/E of 17.87, which is Alphabet’s lowest P/E multiple since 2019 for a company with a 24% revenue growth and an 82% growth in the Cloud business. 

The new news is a $15 billion Nexus Data Center Campus in Texas sponsored by Google to guarantee Anthropic with Finance and…