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YAHOO! INC
(YHOO-Nasdaq):
Technical Viewpoint: From a low
of $25.33 on May 10, 2004 prices
rallied, reaching a
high of $33.01
on Jun 9, 2004. A
decline saw prices pull back, reaching a
low of
$31.44 on Jun 14, 2004.
Another rally saw prices penetrate
resistance, closing 6/23/04
at $33.97. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 26, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $31.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 23, 2004. A P&F upside
reversal takes place at $32.50. Summary: Technical indicators have turned bullish. BUY! YAHOO! INC
(YHOO-Nasdaq) @ $34.25 Stop: Use a protective stop of $32.25.
YAHOO! INC is currently trading @ $33.97 plus $1.43 on Jun 23, 2004. Price Objective:
$45.00. Risk/Reward: $2.00 VS. $10.75. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$45.00
Risk/Reward:
$2.00 VS. $10.75
Risk/Reward Ratio:
5:1
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