Before I begin:
Yahoo (YHOO) upgraded to Outperform from Market Perform at Bernstein
Now, Yahoo (YHOO) has been shredding Bears ever since CEO Marissa Mayer took over. To be honest, I gotta admit, she has done one heck of a job for YHOO investors. The stock has almost doubled *Golf Clap*. Though it is unclear whether the company will be able to keep up with Wall Street expectations, and continue its Bullish climb to irrational all-time-highs. In the meantime, you can take advantage of the upcoming downward pressure on YHOO, with the stock having formed a Bearish Triple Top pattern.
This trade is purely Technical for now. I’ll post an update if I see any Fundamental shifts on YHOO.
Here is a Daily chart of YHOO:
Price Target: $29
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