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Bearish Moving Average Cross by Yahoo! (YHOO)

By David Diaz

Yahoo! (NASDAQ:YHOO) crossed under its 10-day moving average of $49.50 on a volume of 5.0 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Yahoo! has traded in a range of $26.15 to $51.12 and is now at $48.91, 87% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of Yahoo! on December 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.62. Since that recommendation, shares of Yahoo! have risen 19.3%. We continue to monitor YHOO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses yahoo!

Ticker(s): YHOO