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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: SirRealist who wrote (79024)	10/21/2002 6:06:13 AM
From: 2MAR$	Read Replies (1) \| Respond to of 208838

Yachoo! Inc. - YHOO - cls: 15.03 chg: +0.36 stop: 15.26 stockcharts.com[h,a]daclyyay[pb50!b200][vc60][iUc20!La12,26,9]&pref=G YHOO finished the week on a bullish note as shares closed above both the 200-dma ($14.80) and whole-number resistance at $15.00 - the first time since June that the stock has accomplished that feat. With shares approaching our stop-loss, this play is hanging by a thread. Looking at the daily chart, the stock continues to look overextended. The stochastics are pinned at overbought and could begin to roll if YHOO starts to retrace its recent gains. Thus far, however, the bears just haven't been able to find any traction. Shares may have been boosted today by EBAY's earnings report. The internet auction company posted better-than-expected revenue and earnings, but forward-looking guidance was not as positive. Although investors seemed to focus on the positive news, this could change next week if the overall tech climate becomes more bearish. We would not recommend taking any new positions in YHOO at this time. Monday will be pivotal for this play. A rollover from current levels could finally bring the bears off the sidelines.