) - This large-cap information technology giant had been trading
within a very narrow bear channel since early 2009.
Then, in early April, YHOO broke from a channel downtrend in a
very convincing run, jumping from $16.50 to $18.50 in less than
two weeks. But that turned out to be a false breakout, which was
confirmed by a death cross in June, when it became clear that
YHOO had resumed its downward bias.
The stochastic flashed a buy signal in late August at $13,
followed by a Collins-Bollinger Reversal (CBR) buy from our
But the advance was checked Friday, as the stock reversed and
fell under the 50-day
Traders should resume their bearish strategies on YHOO. The
downside objective is $11.
If you have questions or comments for Sam Collins, please
e-mail him at
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