This article first appeared on GuruFocus.
Alphabet (NASDAQ:GOOGL) climbed to a fresh record of about $265 on Monday morning as investors positioned ahead of the company’s third-quarter report.
Shares climbed more than 2%.
The move followed a breakout above a consolidation zone near $257, a technical shift traders said could turn the old ceiling into support if profit-taking appears. Hourly EMAs remain aligned bullishly and the daily RSI has not yet signalled overbought conditions, suggesting room for further upside into the earnings catalyst.
Alphabet’s stronger momentum has been bolstered by a $15 billion, five-year AI investment plan in India, a strategic push investors see as reinforcing the company’s long-term cloud and AI growth story. That initiative has helped underpin optimism ahead of results.
The company is scheduled to report Q3 results after the market close on Oct. 29, 2025, a key event that could determine whether current buying holds or gives way to a pullback. Market participants will watch guidance, ad trends and cloud growth for signs the rally is sustainable.
Technically, $280 is the next visible resistance, while a retracement toward $257 would be a likely re-entry area for buyers if momentum fades. Traders caution that record highs can be fragile before earnings, so volatility may increase in the short term.
