[May 21, 2013] Yahoo! (YHOO) Approaches New Upside Target of $27.45 Tweet May 21, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Yahoo! (NASDAQ:YHOO) have bullishly opened above the pivot of $26.61 today and have reached the first resistance level of $27.02. Should the shares continue to rise, the resistance pivots of $27.45 and $28.29 will be of interest. Yahoo! (NASDAQ:YHOO) is currently priced 1.5% above its average consensus analyst price target of $26.60. The stock should discover initial support at its 50-day moving average (MA) of $24.24 and subsequent support at its 200-day MA of $19.54. In the past 52 weeks, Yahoo! share prices have been bracketed by a low of $14.59 and a high of $27.68 and are now at $27.01, 85% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.8%. SmarTrend recommended that subscribers consider buying shares of Yahoo! on September 19th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.99. Since that recommendation, shares of Yahoo! have risen 66.3%. We continue to monitor YHOO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]