For today's chart we've chosen to take a look at
Yahoo! Inc. (Nasdaq:
YHOO) because it is nearing the resistance of its 200-day moving average. As you can see from the chart below, today's
doji candle is suggesting that bulls are losing their conviction and that the stock is starting to face some resistance ($27.50). We've also added the
Relative Strength Index because it is entering into
overbought territory. The RSI value of 70.43 may use by traders to suggest that now is be a good time to take some profit off the table.
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