Yahoo! Inc

By root | January 02, 2006 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. Options & Futures

    Key Factors Of The Russell 2000 Index

  2. Stock Analysis

    There Are No Good And Bad Stocks, There's Only Good And Bad Timing

  3. Charts & Patterns

    Why These May Be the Top 4 Growth Stocks of 2015

  4. Economics

    Gambling on Macau: Too Risky?

  5. Stock Analysis

    Why the House (and Las Vegas Sands) Always Wins

Trading Center