In recent trading sessions, shares of technology giant Google (NASDAQ: GOOG [FREE Stock Trend Analysis]) have touched new all-time highs as the stock has staged a significant rally over the last 3 months. Despite the run-up in the price, this is a stock that should be on the radar of value investors who focus on extremely high quality companies trading at reasonable valuations.

In addition to its high quality and value metrics, Google is also setting up on a technical basis. The most recent rally in the shares has caused Google to break-out above a trading range that goes all the way back to the beginning of 2010. Frequently, a break-out from a long-term consolidation area is a bullish sign. In Google's case, the fundamentals are also confirming the attractive technical outlook.