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Yahoo! Bullish Moving Average Crossover Alert (YHOO)

By Nick Russo

Yahoo! (NASDAQ:YHOO) crossed over its 10-day moving average of $42.48 on a volume of 1.3 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.

Over the past year, Yahoo! has traded in a range of $26.15 to $45.07 and is now at $42.59, 63% above that low. 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 43.9%. 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