Yhoo

[Jimmy K]

Watch this stock, if it gets some stabalization today and tomorrow it will be a good idea to pick some up. After the horrid quarter that yahoo had it only has one way to go in my opinion, up.

[Romanowski]

good lookin out jimmyk

[whodi]

I was looking at Yahoo, if you get into yahoo, be cautious because it has already broken its 4 month uptrend. I would have a stop loss around 25, if it goes under 25, it is a definite sell because it has strong support there and would break down. Take a look at the 6 month chart below.


http://finance.yahoo.com/q/bc?s=YHOO...=on&z=m&q=c&c=

If yahoo does move up, look for it to make a run at closing the gap at 32 where it dropped down to around 28. You could snag a nice 4 point gain. It is definitely a bit oversold right now.

Here is a nice chart showing where it could make a run at closing the gap down.

http://finance.yahoo.com/q/bc?s=YHOO...=on&z=m&q=c&c=

If it can close that gap, set up nice with a little sideways action, a nice volume day over 32 would be a nice break out for another entry point if you are looking to scalp a few points here and there. GL to all in your trading. Remember, never trade on emotion and the charts never lie.

Here is a 3 month chart where the break out can occur around 32. Always watch the volume, strong volume always indicates a real breakout, little volume wouldnt hold much value. VOLUME is the key.

http://finance.yahoo.com/q/bc?s=YHOO...=on&z=m&q=c&c=

[domafia]

whodi thanks for info but fyi, your chart links don't work the way you'd like them to. the links all take you by default to the 1 yr chart.

[whodi]

Thats weird, that being the case, when you click on the link and you see the 1 year chart, on the page, u should be able to click on the time differences.The 3 month, 6month, 2 year, ect.. it will look like this below on the page



Range: 1d 5d 3m 6m 1y 2y 5y max

[domafia]

you know what - forget what i said. the links work fine for yahoo's normal charts. i had the "beta charts" turned on and the direct links would not work for those.

[Jimmy K]

don't know if anyone got in on yahoo after the dip, but if you did, you made a nice penny today!