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Watch for Shares of Yahoo! (YHOO) to Approach Resistance at $14.78Mar 15, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Yahoo! (NASDAQ:YHOO) opened today above their pivot of $14.56 and have already reached the first level of resistance at $14.70. Should the shares continue to rise, the resistance pivots of $14.78 and $15.00 will be of interest. Over the past year, Yahoo! has traded in a range of $11.09 to $18.84 and is now at $14.61, 32% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has remained constant. Yahoo! has overhead space with shares priced $14.61, or 16.8% below the average consensus analyst price target of $17.56. The stock should run into initial resistance at its 200-day moving average (MA) of $14.94 and subsequent resistance at its 50-day MA of $15.34. SmarTrend is tracking the current trend status for Yahoo! and will alert subscribers who have YHOO in their portfolio or watchlist when shares have changed trend direction. 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 |