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.



You May Also Like

Related Analysis
  1. Stock Analysis

    Why Hasn't McDonald's Beaten The Dow Recently?

  2. Stock Analysis

    Whole Foods Pricing: Mistake or Misdeed?

  3. Stock Analysis

    3 Reasons Sierra Wireless Stock Could Fall

  4. Stock Analysis

    United Continental Zigs While Delta Air Lines Zags

  5. Stock Analysis

    3 Reasons ExOne's Stock Could Rise

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!