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Yahoo! Bullish Moving Average Crossover Alert (YHOO)

By David Diaz

Yahoo! (NASDAQ:YHOO) crossed over its 10-day moving average of $50.93 on a volume of 17.8 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 $55.35 and are now at $54.30, which is 108% 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 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