The shares are trading well below the 10-day moving average after the gap down earlier in the day. The 10-day was a good proxy for an uptrend support line, which has now been broken. That may spell the end of the uptrend that was in place from earlier this summer. Support is now at $39.70, the low of the day, and then at $39.44. Resistance is at $40, and then at $40.25.
Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, …