In last evening’s Forecast Report, Yahoo (YHOO) signaled a potential long trade entry point at 16.20 and 16.30, even up to 16.40.
This morning, YHOO opened near the pre-market high of 16.67. It did move as low as 16.35 in pre-market trading. A buy there, as measured to the regular session high of 16.49, was 0.9% in the black. The stock has moved through our targets in afternoon trading, recently hitting a session low of 15.77 and trading near that mark late in the regular session.
