Jon Lewis

Google Getting 'Binged'?

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Is the bloom coming off Google's (GOOG) rose?

It could be. The stock price is wilting, the company is getting "Binged," and sentiment remains very hopeful. That puts some pressure on the company to come in with not only strong earnings next week but a solid outlook.

As for that solid outlook, GOOG needs to impress with its ad revenue expectations. That could be problematic with the success of Microsoft's (MSFT) Bing search function.

Unlike the Vista operating system, which has been the butt of many jokes and ad campaigns, Microsoft may have gotten it right with Bing. And while Bing won't overtake the Google search engine anytime soon, it has to be putting a dent or two in GOOG's armor.

GOOG is trying to retaliate with its own PC operating system that will be free for netbooks next year. But the company may have a hard time convincing the Street that such an offering will help the stock during the next few months.

On the chart, GOOG is holding on to the $400 level after cresting just under $450 in early June. The shares have cascaded below their 20-day and 50-day moving averages in the process, with the untested 100-day sitting 20 points below at 380. All in all, it's a tenuous technical picture.