Downgrade Alert for Yahoo! (YHOO)
Yahoo! (NASDAQ:YHOO) was downgraded from Buy to Hold at Needham today. The stock closed yesterday at $41.68 on volume of 14.3 million shares, below average daily volume of 16.0 million.
Yahoo! share prices have moved between a 52-week high of $45.07 and a 52-week low of $26.15 and closed yesterday at 59% above that low price at $41.68 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.3%.
Yahoo! (NASDAQ:YHOO) is currently priced 0.6% above its average consensus analyst price target of $41.43. Yahoo! shares have support at the 50-day moving average (MA) of $35.37 and additional support at the 200-day MA of $33.22.
Yahoo! Inc. is a global Internet media company that offers an online guide to Web navigation, aggregated information content, communication services, and commerce. The Company's site includes a hierarchical, subject-based directory of Web sites, which enables users to locate and access information and services through hypertext links included in the directory.
SmarTrend is monitoring the recent change of momentum in Yahoo!. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Yahoo! in search of a potential trend change.
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