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

You May Also Like

Related Analysis
  1. Stock Analysis

    Google, Wireless and the Future of Mobile - Stocks in the News

  2. Stock Analysis

    Microsoft Beats on Q2 Earnings, Sales - Analyst Blog

  3. Stock Analysis

    Rose Rock Midstream Raises Cash Distribution by 7.8% Q/Q - Analyst Blog

  4. Stock Analysis

    Shire's Elvanse Gets Positive Response for ADHD in Adults - Analyst Blog

  5. Stock Analysis

    Pfizer's Prevenar 13 Wins CHMP Backing for Expanded Use - Analyst Blog

Trading Center