Bearish Moving Average Cross by Yahoo! (YHOO)
Today, shares of Yahoo! (NASDAQ:YHOO) have fallen below their 10-day MA of $38.69 on a volume of 1.5 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Yahoo! have traded between a low of $26.15 and a high of $45.07 and are now at $38.54, which is 47% above that low price. The 200-day and 50-day moving averages have moved 0.19% lower and 1.30% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Yahoo! on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.36. Since that recommendation, shares of Yahoo! have risen 32.2%. We continue to monitor YHOO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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