YAHOO! INC
(YHOO-Nasdaq):
Technical Viewpoint: From a low
of $110.00 on Aug 5, 1999 prices
rallied, reaching a
high of $160 1/2
on Aug 26, 1999. A
decline saw prices pull back, reaching a
low of
$139 1/4 on Aug 31, 1999.
Another rally saw prices penetrate
resistance, closing 9/9/99
at $162.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 24, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $145.00. Resistance: Is at $175 1/4.
Point & Figure: Reversed to the upside on Sep 3, 1999. A P&F upside
reversal takes place at $148.00. Summary: Technical indicators have turned bullish. BUY! YAHOO! INC
(YHOO-Nasdaq) @ $163 1/2 Stop: Use a protective stop of $159 7/8.
YAHOO! INC is currently trading @ $162.69 plus $9 1/4 on Sep 9, 1999. Price Objective:
$230.00. Risk/Reward: $3 5/8 VS. $66 1/2. Today's Risk Reward Ratio: 18:1
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