Bullish Moving Average Cross by Yahoo! (YHOO)
Today, shares of Yahoo! (NASDAQ:YHOO) have crossed bullishly above their 10-day moving average of $43.45 on a volume of 2.0 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Yahoo! has traded in a range of $26.15 to $45.07 and is now at $43.58, 67% 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 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 45.7%. We continue to monitor YHOO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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