Duru wanted me to take a look at Yahoo’s chart:
YHOO is a good one. Earnings are next week. Analysts upgraded today. And darn thing sure looks like it is slowly topping out….
This is yet another stock in “no-man’s land” between the 50 and 200-DMAs. It’s also teetering on the neckline of a head & shoulders and has been in a downward trending channel since early December. It reports earnings tomorrow night so perhaps the chart will be more decisive by Wednesday morning. Maybe I’ll do another chart after the earnings announcement.
