Although YHOO has lost ground due to revenue short fall, GOOG looks good. 350 appears to be within reach.
Tag Archives: Yhoo
YHOO
This pullback is an opportunity if you like to long YHOO.
YHOO, GOOG, MSFT, QQQQ and INDU
YHOO broke out solid this time fueled by good earning report.
GOOG will be retesting the previous high tomorrow.
After a pullback, MSFT resumed upward movement from its recent breakout.
Overall, the tech-heavy QQQQ still has a lot of work ahead.
INDU faces the resistence around 10388.
YHOO and MSFT
YHOO failed to break out.
MSFT moved up nicely.
YHOO breaking out?
YHOO is forming a triangle here. If the triangle is resolved from the short-term trend, which is up, the breakout should be on the upside; if it’s resolved from the intermediate-term, it will go down. I will try to see if a long on a slight OTM calls for May or June would work. A May 37.5 Call is currently sold at 0.60.