Yahoo! Inc

AAA

On Nov 30 we mentioned that Yahoo! was able to get above $39 - a level that has historically proved to be a strong area of resistance. As you can see from the chart below, YHOO climbed higher for a few weeks after testing the support in early December, but has since managed to slip back toward the support. Today's bounce off the $39 mark is showing the bulls that the support is still strong and that the price could go higher again.



YHOO_010306.jpg
comments powered by Disqus
Related Analysis
  1. Forget About Falling Oil, Look Into These 5 MLPs
    Chart Advisor

    Forget About Falling Oil, Look Into These 5 MLPs

  2. Coffee Continues To Shine In The Commodities Market
    Chart Advisor

    Coffee Continues To Shine In The Commodities Market

  3. When To Buy Strongly Performing Stocks
    Chart Advisor

    When To Buy Strongly Performing Stocks

  4. The ADX Shows Strong Uptrends In These 4 Stocks
    Chart Advisor

    The ADX Shows Strong Uptrends In These 4 Stocks

  5. Falling Prices Are Dragging These Gold Stocks Down
    Chart Advisor

    Falling Prices Are Dragging These Gold Stocks Down

Trading Center