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Yahoo! Falling Today on Above-Average Volume (YHOO)
Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) --
Yahoo!'s stock is down 5.8% to $15.19 on heavy trading volume. About 58.5 million shares have been traded today, as compared to the 30-day average volume of 15.7 million shares. Spikes in volume can validate a breakout or signify a potential turning point.
SmarTrend recommended that subscribers consider buying shares of Yahoo! on October 6th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.36. Since that recommendation, shares of Yahoo! have risen 4.9%. We continue to monitor YHOO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Yahoo! share prices have moved between a 52-week high of $18.84 and a 52-week low of $11.09 and are now trading 44% above that low price at $15.96 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.
Write to Chip Brian at cbrian@mysmartrend.com
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