---
title: "Frank Cappelleri: Alphabet trades near key $350 level ahead of earnings"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293505443.md"
description: "Frank Cappelleri notes Alphabet shares are trading near the key $350 resistance level ahead of earnings. The stock remains about 7% above its 200-day moving average, with the long-term trend intact unless earnings disappoint. Down 15% from all-time highs, renewed outperformance versus the MAGS ETF would be positive for Alphabet and the broader MAG7 group."
datetime: "2026-07-22T17:38:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293505443.md)
  - [en](https://longbridge.com/en/news/293505443.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293505443.md)
generator: "portal-rs"
---

# Frank Cappelleri: Alphabet trades near key $350 level ahead of earnings

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.

### Related Stocks

- [MAGS.US](https://longbridge.com/en/quote/MAGS.US.md)
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- [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**