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Yahoo! Inc. (YHOO) Message Board

  • bhttsl bhttsl Feb 12, 2013 11:15 PM Flag

    Is Yahoo Overbought?

    Time to take a rest and form a new base. Looks like YHOO is over extended and the fatigue shows on today's chart. The weekly charts shows the upper Bollinger band at $21.84, so may see a run at that number and fall back.

    Sentiment: Buy

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    • I agree we will pause sometime here say between now to $25. However, I estimate Alibaba IPO will get YHOO to $25. But the announcement or simply the appointment of investment banker will officially initiate the IPO this year then it will propel YHOO to $25. I think anything over $25 for YHOO is depending upon the IPO market value.

      Sentiment: Strong Buy

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