Alibaba Stock Likely to Continue  Alibaba Group Holding Ltd (NYSE:BABA) stock surged by 13.29% following an investors day conference where the company announced that it expected this year’s fiscal revenue to grow between

Alibaba Stock Likely to Continue Surprising to the Upside

|Chart | Calendar   | TRADE NOW | Alibaba

BABA Stock: Lift Off

 Alibaba Stock Likely to Continue  Alibaba Group Holding Ltd <span data-recalc-dims=(NYSE:BABA) stock surged by 13.29% following an investors day conference where the company announced that it expected this year’s fiscal revenue to grow between" width="300" height="205" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/06/Alibaba-Stock2-300x205-Small.jpg?resize=300%2C205 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/06/Alibaba-Stock2-300x205-Small.jpg?w=702 702w" sizes="(max-width: 300px) 100vw, 300px" />

BUZ INVESTORS  Alibaba Stock Likely to Continue  Alibaba Group Holding Ltd (NYSE:BABA) stock surged by 13.29% following an investors day conference where the company announced that it expected this year’s fiscal revenue to grow between 45%-49% over last year. This bullish news left a significant price gap on the Alibaba stock chart as the share price soared.

My readers and I were not the least bit surprised by this bullish move because on May 16, I outlined key developments on the BABA stock chart that were suggesting that the investment was set to appreciate. I even had the audacity to suggest that $180.00 was a plausible price objective. So on June 8, when the share price leaped by $16.70, I was pretty excited to say the least, because I know that this type of price action carries quite a considerable amount of implications. These implications serve to support my bullish view, and reinforce the potential price objective that I laid out.

The following Alibaba stock chart illustrates the price pattern that continues to suggest that a potential price objective of $180.00 is warranted.




Alibaba Stock Likely to Continue

BABA stock chart

 

This price chart shows the trading action since inception. Three months after BABA stock began trading publicly, it forged a significant top at $120.00. This level marked a high that was followed by a significant decline, where Alibaba shares lost 52.33% of their value before a bottom was finally forged. It took approximately 2.5 years to return to this level, and BABA shares broke above this level without even blinking.

This type of price action is very special to say the least, and it was the focus of my previous publication, “Alibaba Stock Is Moments Away from Lift-Off ,” where I outlined the bullish implications of a stock that breaks above its previous all-time high. These implications are especially magnified when this previous all-time high was set shortly after the company began trading on the open market.

The following Alibaba stock chart focuses on the significance of the gap in price.

BABA price chart

 

The price chart above focuses on the price gap as an indicator, and there are two significant price gaps that are highlighted on the price chart above.

The first gap is a breakaway gap, and it served to suggest that that a new bullish trend was born. This new bullish trend was the result of completed reversal pattern known as a double bottom. This pattern was officially completed when the stock price closed above the green horizontal trend line highlighted on the chart above. The price gap served to reinforce the view that a significant bottom had just formed.

The second gap is a continuation gap, which serves to suggest that the bullish trend has only reached its midpoint and higher stock prices can therefore be expected. This gap occurred a few short days after the previous all-time high was penetrated and created the perfect environment for an acceleration in the stock price. The 13.29% price gap will increase pressure on the bears, resulting in further gains as they scramble to unwind their positions.

 

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BUZ INVESTORS Rally in 3M Stock 3M Co (NYSE:{MMM) stock has been a wonderful investment this year. It is currently up 17.52% year-to-date,

The Rally in 3M Stock Is Set to Continue

|Chart | Calendar   | TRADE NOW | 3M Stock

MMM Stock: Geared Towards Higher Prices

BUZ INVESTORS  Rally in 3M Stock 3M Co (NYSE:{MMM) stock has been a wonderful investment this year. It is currently up 17.52% year-to-date, and I do not have any reason to believe why this performance cannot, and should not, continue. Aside from the month of January, 3M stock has posted back-to-back monthly gains. I have the inclination that this rapid pace towards higher prices is set to continue.

My beliefs surrounding 3M shares are not based on a gut feeling, but instead on a more systematic approach to analyzing investments, known as technical analysis. This method of investment analysis assumes that historical price and volume data can be used to project the future direction of a stock’s price. I chose this method, and continue to use it, because the information it provides is second to none and is very valuable when applying this method to an investment strategy.

The following 3M stock chart illustrates the predominant bullish trend and the indications that are supporting the current advance.

Rally in 3M Stock

3M stock chart

 

The price chart illustrates that MMM stock has been on rocket ride towards higher prices since it bottomed in October 2011 at $59.38. This rocket ride has been characterized by higher highs and higher lows, which create the quintessential bullish trend that begins in the lower left and ends in the upper right of the price chart.

This bullish trend is easily captured using a simple uptrend line. This uptrend line is created by connecting the significant valleys on the price chart. This simple trend line acts as the dividing line between a healthy investment and an unhealthy one. As long as MMM shares are trading above this uptrend line, I can only assume that this investment remains healthy and the bullish trend is set to continue.

In November 2016, the MACD indicator was converging and a bearish cross was imminent, but it was unable to generate. Averted signals should never be ignored, because they are extremely powerful indicators. The inability to generate a bearish signal indicates that there is an extreme amount of inherent bullish strength contained within the investment. Such circumstances cause the predominant trend to accelerate, because anyone who was anticipating a bearish cross needs to immediately unwind their position, fueling and accelerating the current rally.

The MACD indicator remains in bullish alignment, suggesting that the current appreciation has further room to run. This bullish view is reinforced by the following 3M stock chart.

3M price chart

 

This MMM stock chart is using the exact same time frame as the preceding price chart, but this time I am focusing the waves that occurred above the uptrend line. This price chart contains two distinct waves: an impulse wave and a consolidation wave. These waves are necessary to create a sustainable trend.

Business Description

Industry: Industrial Products » Diversified Industrials    NAICS: 339112    SIC: 3841
Compare: OTCPK:(SIEGY), NYSE:(HON), NYSE:(ABB), NYSE:(ITW), OTCPK:(SBGSY), OTCPK:(ATLKY), OTCPK:(FANUY), NYSE:(EMR), NYSE:(ETN), NYSE:(PHG), OTCPK:(NJDCY), NYSE:(CMI), OTCPK:(KNYJF), NYSE:(ROP), NYSE:(IR), OTCPK:(SMCAY), NYSE:(PH), NYSE:(ROK), OTCPK:(SDVKY), OTCPK:(VWDRY) » details
Traded in other countries: MMM.Argentina, MMM.Austria, MMMC34.Brazil, MMM.Chile, MMM.Germany, MMM.Mexico, MMM.Switzerland, 0QNY.UK,
Headquarter Location: USA

3M Co is a diversified technology company. It manufactures a diverse array of industrial and consumer products. Its business segments are Industrial, Safety and Graphics, Health Care, Electronics and Energy, and Consumer.

Based in St. Paul, Minnesota, 3M manufactures a diverse array of industrial and consumer products. Known especially for popular consumer-facing products such as Scotch tape and Post-it Notes, the company’s portfolio also offers display films, personal respirators, heavy-duty adhesives, reflective sheeting, sanding wheels, and filters.

 

 

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European Shares Seen Up uropean stocks are set to open higher on Monday as investors took weak Chinese data in their stride

European Shares Seen Up As Oil Prices Continue Recovery

European Shares Seen Up As Oil Prices Continue Recovery

MarketUp-051517.jpg

BUZ INVESTORS  European Shares Seen Up  uropean stocks are set to open higher on Monday as investors took weak Chinese data in their stride and a cyber-attack linked to IT attacks around the world showed little evidence of widespread disruption.

Traders also shrugged off concerns over North Korea’s nuclear program, with South Korea’s military saying it needs further analysis to verify North Korea’s claim that Sunday’s test-launch of a ballistic missile was a new mid-to-long range missile built to carry a large scale heavy nuclear warhead.

The dollar started the week on the defensive and gold prices inched up in the wake of weaker-than-expected data from the United States, while oil prices edged higher on news that OPEC and Russia have agreed to extend production cuts from the middle of this year until March 2018.

Asian stocks are mostly higher as upbeat talk on trade and infrastructure investment at a top-level conference in China helped investors shrug off disappointing macro data.

China’s industrial production data missed estimates in April in another sign of slowing growth in the world’s second largest economy.

Fixed-asset investment and retail sales indicators also pointed to a broader slowdown, but property investment growth accelerated to 9.3 percent in the first four months of 2017 from 9.1 percent in the first quarter.




European Shares Seen Up


U.S. stocks ended narrowly mixed on Friday, Treasury yields slipped and the dollar retreated as investors digested weak retail sales and inflation data as well as disappointing earnings updates from the likes of Nordstrom and J.C. Penney. A gauge of U.S. consumer sentiment unexpectedly increased in May, offering some respite.Closer home, German Chancellor Angela Merkel’s party won a state election in the country’s most populous state on Sunday, handing her Social Democratic opponents a humiliating defeat ahead of September’s national vote.

European markets clung to slight gains on Friday, as solid GDP data from Germany and some fresh M&A activity helped investors shrug off tepid corporate earnings and sluggish Eurozone industrial production data.

The pan-European Stoxx Europe 600 index inched up 0.3 percent. The German DAX rose half a percent, France’s CAC 40 index gained 0.4 percent and the U.K.’s FTSE 100 advanced 0.7 percent.

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Gold decreased 2.75 USD/t oz. or 0.22% to 1,257.94 on Thursday May 25 from 1,258.10 in the previous trading session. Historically,

Gold Prices Find Support; Will the Down Trend Continue?

Chart | Calendar   | TRADE NOW | GOLD

 Gold Prices Find Support; Will the Down Trend Continue?

Gold

BUZ INVESTORS   Gold Prices Find Support  Gold is trading at $1220.80 per ounce at 09:40 GMT this morning, 0.16% higher from the New York close. This morning, the precious metal traded at a high of $1222.60 per ounce and a low of $1216.90 per ounce. Yesterday, gold traded 0.37% lower in the New York session and closed at $1218.90 per ounce. Immediate downside, the first support level is seen at $1216.53 per ounce, while on the upside, the first resistance level is at $1225.43 per ounce.

Gold prices have made little net progress over the past four months. Little net progress is typical of a corrective consolidative move. Gold prices, as of today, are still less than a 38% retracement of the December 2016 to February 2017 up trend. A shallow retracement of that nature suggests the longer term bull trend from December is not quite over.

Fed fund futures are pricing in a 100% probability of a rate hike by the Fed in June 2017. Read our Q2 Gold forecast and see how interest rate hikes may affect gold prices.

Using Elliott Wave theory as a model, the sideways correction that began February 27 is likely a ‘B’ wave. Two higher probability patterns is that we are in a ‘B’ wave triangle or a ‘B’ wave flat pattern. Both patterns imply the same thing in that a bullish resolution eventually takes place. The start of the next bull run depends on which pattern (the triangle or the flat) emerges.




Gold Prices Find Support

>>>TRADE NOW<<<

Gold| Data | Chart | Calendar | Forecast | News


source: tradingeconomics.com
Gold increased 5.46 USD/t oz. or 0.45% to 1,223.37 on Thursday May 11 from 1,218.65 in the previous trading session. Historically, Gold reached an all time high of 1898.25 in September of 2011 and a record low of 34.83 in January of 1970.

The biggest producers of gold are China, Australia, United States, South Africa, Russia, Peru and Indonesia. The biggest consumers of gold jewelry are India, China, United States, Turkey, Saudi Arabia, Russia and UAE. Gold Futures are available for Trading in the Commodity Exchange (COMEX) which merged with the New York Mercantile exchange in 1994 and became the division responsible for metals trading. Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry. However, Gold is not only a precious metal but also a commodity vital for many industries. Gold is an excellent conductor of electricity, is extremely resistant to corrosion, and is one of the most chemically stable of the elements, making it critically important in electronics and other high-tech applications. This page provides – Gold – actual values, historical data, forecast, chart, statistics, economic calendar and news. Gold – actual data, historical chart and calendar of releases – was last updated on May of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1223.37 1218.47 1898.25 34.83 1968 – 2017 USD/t oz. Daily
Metals Price Day Weekly Monthly Yearly Date
Gold 1225.9437 8.3 0.68 % -0.05% -4.62% -2.89% 10:35
Silver 16.2750 0.155 0.96 % -0.18% -11.97% -4.19% 10:35
Platinum 908.49 0.01 0.00% 1.06% -6.20% -12.98% May/11
Palladium 800.50 2.50 0.31% -0.44% 0.44% 34.99% May/11

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Buz Investors XAGUSD Price of Silver The silver market performed reasonably well in 2016, with the price of the precious metal picking up more than $2 to close the year at $15.88 per ounce. That in turn helped boost the prospects for silver-tracking investments like the iShares Silver Trust

Silver prices continue drop for over two-weeks straight

Chart | Calendar   | TRADE NOW | SILVER

Silver prices continue drop for over two-weeks straight

 

BUZ INVESTORS  Silver prices continue drop The precious metal is trading at $16.83 per ounce at 09:40 GMT this morning, 0.18% lower from the New York close.

Silver

BUZ INVESTORS  Silver prices continue drop The precious metal is trading at $16.83 per ounce at 09:40 GMT this morning, 0.18% lower from the New York close. During the session, silver traded at a high of $16.90 per ounce and a low of $16.74 per ounce. In the New York session yesterday, silver rose marginally and closed at $16.86 per ounce. Immediate downside, the first support level is seen at $16.71 per ounce, while on the upside, the first resistance level is at $16.97 per ounce.

The nasty streak of losses continues for silver prices, extending it to twelve consecutive down days as of yesterday. Ouch. A string of losses, or gains for that matter, is not an indication a run must end, nor does the magnitude of a price move act as a great signpost (silver has dropped over 10% the past 2+ weeks). But it does provide caution for those looking to chase the market lower, or those who want to protect profits. A bounce is due, and given the way in which this precious metal in particular trades, it could be rather sizable

Silver  | Data | Chart | Calendar | Forecast | News

Silver decreased 0.06 USD/t. oz or 0.36% to 16.74 on Wednesday May 3 from 16.80 in the previous trading session. Historically, Silver reached an all time high of 49.45 in January of 1980 and a record low of 3.55 in February of 1991.



Silver prices continue drop

>>>TRADE NOW<<<

Silver futures and options contracts are used by mining companies, fabricators of finished products, and users of silver-content industrial materials to manage their price risk. As a precious metal, silver also plays a role in investment portfolios. The largest industrial users of silver are the photographic, jewelry, and electronic industries. The biggest producer of silver are: Mexico, Peru and China followed by Australia, Chile, Bolivia, United States, Poland and Russia. This page provides – Silver – actual values, historical data, forecast, chart, statistics, economic calendar and news. Silver – actual data, historical chart and calendar of releases – was last updated on May of 2017.

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BUZ INVESTORS Higher Blackberry Stock Prices BlackBerry Ltd (NASDAQ:BBRY) stock is up over 16% on the news that the company won an arbitration settlement against QUALCOMM, Inc. (NASDAQ:QCOM) worth $819.7 million.

Indicators Continue to Support Higher Blackberry Stock Prices

BBRY Stock Price News

BUZ INVESTORS Higher Blackberry Stock Prices BlackBerry Ltd <span data-recalc-dims=(NASDAQ:BBRY) stock is up over 16% on the news that the company won an arbitration settlement against QUALCOMM, Inc. (NASDAQ:QCOM) worth $819.7 million." width="300" height="200" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/04/BBRy-stock-300x200-Small.jpg?resize=300%2C200 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/04/BBRy-stock-300x200-Small.jpg?w=720 720w" sizes="(max-width: 300px) 100vw, 300px" />

BUZ INVESTORS Higher Blackberry Stock Prices BlackBerry Ltd (NASDAQ:BBRY) stock is up over 16% on the news that the company won an arbitration settlement against QUALCOMM, Inc. (NASDAQ:QCOM) worth $819.7 million. This is a significant sum for BlackBerry; it represents more than half of the revenue that BlackBerry was able to generate in 2016. This news may have come as a surprise, but the subsequent news about higher BBRY stock prices were not.

My earlier article, “Reversal Pattern Implies Higher Blackberry Stock Prices,” published on April 6, 2017, outlined that there were technical developments on the company’s price chart that served to suggest that higher BlackBerry share prices were on the horizon.

On March 31, BlackBerry broke out of this symmetrical triangle, and this feat is highlighted on the price chart above as a “breakout.” Because this symmetrical triangle was resolved in an upward bias after a prolonged bear market, this pattern is can also be referred to as an “ending triangle.” A completed ending triangle indicates that the bearish trend toward lower prices has finally concluded, and that a higher stock price can now be expected to follow.



OTHER STORIES BUZ TRADERS FOLLOW

Higher Blackberry Stock Prices

Breakaway gaps rarely get filled, and almost always indicate that a new trend is in development. In the days following the breakout that was created by the better-than-expected earnings report, the breakaway gap has been tested on numerous occasions. The opening gap-up price at $7.53 is the level of support that is highlighted on the chart above.

From April 4 onward, BBRY shares drifted lower in an orderly manner. This orderly decline is easily defined by using a trend line. Using this trend line as a tool is as easy as it was to create. As long as BlackBerry shares remain below this trend line, the bearish trend toward lower prices remains intact.

bullish on the prospects of BlackBerry stock, and I have reason to believe that the downtrend line that began in 2008 is the next logical objective for BBRY stock. This bullish view was generated after a completed technical price pattern suggested that a bottom had been formed. I will continue to hold a bullish view on BlackBerry shares until there are indications on the price chart that another view is warranted.

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Bullish Tailwinds Continue to Support Netflix Stock

Netflix stockNFLX Stock Is on a Bullish Track

Buz Investors Support Netflix Stock  I have been bullish on Netflix, Inc.(NASDAQ:NFLX) stock , outlining  bullish findings that supported this view. Since that fateful day, Netflix stock has appreciated to the tune of 36%, as the price has gone from $104.58 to where it currently stands, at $142.89.

Since that date, I have found numerous indications which are suggesting that higher NFLX stock prices are likely, and all of these findings are based on the style of research I use to analyze potential investments.



OTHER STORIES BUZ TRADERS FOLLOW

Support Netflix Stock

For anyone who is not familiar with my work, I use technical analysis to generate my investment views, as well as to create applicable trading strategies. This method of analysis is based on the notion that historical price and volume data can be used to discern trends and forecast future prices. So, as a result, the stock chart and I have become great friends over the years.

This price objective is based on the theory that impulse waves that are separated by consolidation waves tend to mirror each other in terms of length, and that the consolidation wave acts as a mid-point. In applying this theory to the chart above, it produces a potential price objective of $165.00. This bullish price objective supports the notion that higher prices are still likely.

The acceleration in price has been accompanied by the 50-day moving average. This moving average is now acting as a level of price support. This moving average defines the bullish trend in Netflix stock and, as long as the price remains above this moving average, I can only assume that higher prices are likely.

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Buz Investors Square Stock Prices I am bullish on Square Inc (NYSE:SQ) stock, and this view was first established on August 18, 2016, which was shortly after I first stumbled upon this name when I was doing my daily scan

Indicators Continue to Support Higher Square Stock Prices

SQ Stock: The Trend is Your Friend

Buz Investors Square Stock Prices I am bullish on Square Inc <span data-recalc-dims=(NYSE:SQ) stock, and this view was first established on August 18, 2016, which was shortly after I first stumbled upon this name when I was doing my daily scan" width="300" height="182" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/SQ-stock-300x182-Small.jpg?resize=300%2C182 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/SQ-stock-300x182-Small.jpg?resize=768%2C466 768w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/SQ-stock-300x182-Small.jpg?w=791 791w" sizes="(max-width: 300px) 100vw, 300px" />

buz investors square stock prices I am bullish on Square Inc (NYSE:SQ) stock, and this view was first established on August 18, 2016, which was shortly after I first stumbled upon this name when I was doing my daily scan of potential investments. This scan involves meeting a certain technical requirement.

I was so enamored with my findings that I published a report on “Square Inc: SQ Stock is Sending a Flashing Buy Signal,” and, at the time that report was written, Square stock was trading at $11.75.



OTHER STORIES BUZ TRADERS FOLLOW

square stock prices 

 

Today, Square is trading at $17.04, which represents a 45% return, so perhaps the tools I use to analyze potential investments and to create investment strategies have some merit.

The precision of these waves is hands-down mind-boggling. Each impulse wave that has has followed a consolidation wave has been $4.00 in length. This is consistent with the theory surrounding these waves, but I have yet to come across an instance that was so pristine. The theory states that impulse waves that are separated by consolidation waves tend to mirror each other in terms of length and, as a result, the consolidation wave is viewed as a midpoint.

The bullish trend was confirmed when the moving average convergence/divergence (MACD) indicator, located in the lower panel of the above stock chart, crossed in a bullish manner. MACD is simple and effective trend-following momentum indicator that uses signal-line crossings to distinguish between bullish and bearish momentum.

As soon as the bullish cross occurred in August 2016, it served to suggest that bullish momentum was propelling the price of Square shares, and therefore, the pattern was geared toward higher prices. This indicator has remained in bullish alignment through the duration of this run to the upside, and it remains so.

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Buz Investors YHOO Stock Will Continue to Climb (NASDAQ:YHOO) stock has finally completed the price pattern t on Yahoo stock. This completion was finally accomplished when YHOO stock exited this pattern in an upward direction.

Yahoo! Inc.: This Is Why $YHOO Stock Will Continue to Climb

Yahoo! Inc.: This Is Why YHOO Stock Will Continue to Climb

  • Buz Investors YHOO Stock Will Continue to Climb (NASDAQ:YHOO) stock has finally completed the price pattern t on Yahoo stock. This completion was finally accomplished when YHOO stock exited this pattern in an upward direction.
  • Breaking out of this pattern now suggests that the correction that ensued after YHOO stock peaked in September 2016 is complete, and a new bullish trend has commenced in which the path of least resistance is to the upside.
  • The basis of my bullish conclusion is technical analysis, which uses historical price and volume data to discern trends and forecast future prices.




YHOO Stock Will Continue to Climb

Buz Investors YHOO Stock Will Continue to Climb <span data-recalc-dims=(NASDAQ:YHOO) stock has finally completed the price pattern t on Yahoo stock. This completion was finally accomplished when YHOO stock exited this pattern in an upward direction." width="298" height="300" srcset="https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/01/YHOO-Stock1-298x300.resized.jpg?resize=298%2C300 298w, https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/01/YHOO-Stock1-298x300.resized.jpg?resize=150%2C150 150w, https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/01/YHOO-Stock1-298x300.resized.jpg?resize=300%2C302 300w, https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/01/YHOO-Stock1-298x300.resized.jpg?resize=65%2C65 65w, https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/01/YHOO-Stock1-298x300.resized.jpg?w=477 477w" sizes="(max-width: 298px) 100vw, 298px" />

YHOO Stock Will Continue to Climb This bullish price action is defined by the wave structure that has characterized this advance. Impulse waves have advanced the price of Yahoo stock, and consolidation waves have served to unwind the overbought conditions in YHOO stock, as well as set up the next impulse wave. This cycle of waves is instrumental in maintaining the health of a trend. Healthy trends are orderly, and orderly trends are sustainable.

In mid-April, a golden cross was generated which confirmed that a new bullish trend had begun. A golden cross is produced when the faster 50-day moving average, highlighted in blue, crosses above the slower 200-day moving average, highlighted in red. As long as this indicator remains intact, it is assumed that the path of least resistance is toward higher prices.

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YHOO Stock Will Continue to Climb 

The constructive bounce off of support has caused the moving average convergence/divergence (MACD) indicator to converge, and a bullish cross is possible in the weeks ahead. This indicator is a simple, yet effective trend-following momentum indicator. A bullish MACD cross would confirm that the bulls are once again in control of Yahoo stock, and higher prices could be expected to follow. YHOO stock

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