Yahoo!: The Trend Continues Up (YHOO)
SmarTrend identified an Uptrend for Yahoo! (NASDAQ: YHOO) on September 24, 2010 at $14.38. In approximately 2 months, Yahoo! has returned 18.6% as of today's recent price of $17.05.
In the past 52 weeks, shares of Yahoo! have traded between a low of $12.94 and a high of $19.12 and are now at $17.05, which is 32% above that low price.
Yahoo! is currently above its 50-day moving average of $15.26 and above its 200-day moving average of $15.37. Look for these moving averages to climb to confirm the company's upward momentum.
In the last five trading sessions, the 50-day MA has climbed 1.94% while the 200-day MA has risen 0.2%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Yahoo! shares.
Write to Chip Brian at cbrian@tradethetrend.com
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