Yahoo Inc. (YHOO) shows signs of recovery

Yahoo Inc. (NASDAQ: YHOO) net income more than tripled in the third quarter, as the same were aided by cost-cutting efforts, together with sales of some its assets and better-than-expected revenue from display ads.

Yahoo Inc. (YHOO) stock, which remained subdued for a mjaor part of Tuesday's session and closed at $17.17 may, however, gain momentum on Wednesday, as the traders will only hope that even the revenues will start showing up in few months from now.

The YHOO stock has recently shown a trend reversal, as its price breached 20 days EMA in the past week.