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Yahoo! Bullish Moving Average Crossover Alert (YHOO)

By Shiri Gupta

Today, shares of Yahoo! (NASDAQ:YHOO) have advanced above their 10-day MA of $37.02 on a volume of 3.2 million shares. This may provide swing traders with 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 $45.07 and are now at $37.17, which is 42% 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 24.9%. 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