With GOOG red while the market is surging higher, again, I am electing to cover part of my GOOG short here at $497.50 to lock in partial gains.
I entered the short up at $524.41 for my core position, and added to it at $516.46 (see
this post).
I moved my stop-loss down to my core entry for the rest of my position.
Google now looks to be short-term oversold, hitting its lower daily chart Bollinger Band, while the market pushes higher yet. So, I am going to take my gains on the short side while I have them.
Into weak bounces, I would consider adding back to the short.