Yahoo! Inc

AAA

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.



comments powered by Disqus
Related Analysis
  1. The ADX Shows Strong Uptrends In These 4 Stocks
    Chart Advisor

    The ADX Shows Strong Uptrends In These 4 Stocks

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

    Falling Prices Are Dragging These Gold Stocks Down

  3. Invest In Dividend Aristocrats With This ETF
    Chart Advisor

    Invest In Dividend Aristocrats With This ETF

  4. Downward Trend Channels for the Market Correction
    Chart Advisor

    Downward Trend Channels for the Market Correction

  5. Oil, Oil Stocks: What The Charts Are Saying
    Chart Advisor

    Oil, Oil Stocks: What The Charts Are Saying

Trading Center