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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 $43.37 on a volume of 1.5 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Yahoo! share prices have moved between a 52-week high of $45.07 and a 52-week low of $26.15 and are now trading 68% above that low price at $44.01 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 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 47.2%. 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