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Yahoo! Inc. (YHOO) Message Board

jurgensmuscle 1 post  |  Last Activity: Nov 29, 2014 6:34 PM Member since: Nov 11, 2012
  • jurgensmuscle jurgensmuscle Nov 29, 2014 6:34 PM Flag

    So the stock has been stalled for a week or so. This is good if you are long. Technically this stock was very overbought and having it hang in above 50 and consolidating on lighter volume is very much what is needed. I do this for a living and I look for coiling patterns like this. Let the 20 day MA catch up which it is doing and any news this thing vaults to 55+ real fast. Sure eventually the chart will break down like it does with ALL stocks at some point but that time has not yet come. Sure nothing is 100% in trading but right now the technicals point to higher prices. The longer it bases the more powerful the ascent may be.

50.88-0.03(-0.06%)Dec 19 4:00 PMEST

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