|
Home
Up
Co-brand
Partnerships
| |
|
7/21/99 Yahoo (YHOO)
Points to watch: Yahoo has been falling steadily since releasing its
earnings and failing to close above the 50% retracement of its April-June
decline. Technical indicators continue to weaken: daily MACD, RSI, and
stochastics are all in strong downtrends. Yesterday the stock gave a sell
warning when it closed below its July 13th low of 145 (t1 on chart). We would sell, or short the stock if it breaks below its June 28th low of
140 (t2 on chart). On a break below the 140 level the first downside
target would be 117.63-122.9 (the June 15th low, and the 200 day moving
average, respectively.)
|
DISCLAIMER
|
