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Wednesday, July 17, 2013

YHOO


YHOO broke out of a really nice looking pattern on earnings today, and made a pretty huge move. This has been a leading stock for quite some time, and until recently was pretty prominent on the price relative scan. One weakness in the price relative scan is it does not pick up stocks that are holding up in price relative during bases, which this one did. I could find fault with the big drop in CMF in recent days, but CMF is at best a secondary indicator and can be misleading. This is clearly a very strong stock. 

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