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Bearish Moving Average Cross by Yahoo! (YHOO)

By Nick Russo

Today, shares of Yahoo! (NASDAQ:YHOO) have crossed bearishly below their 10-day moving average of $50.27 on a volume of 1.5 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Yahoo! share prices have moved between a 52-week high of $51.23 and a 52-week low of $26.15 and are now trading 92% above that low price at $50.10 per share. 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 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 21.5%. 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