Current Trend (W): UP
Abv/Below Value Zone: Inside
Next Scheduled Report Date: 13 July 2015
52 Week High: $52.62
52 Week Low: $33.02
Current Relevant Resistance: $46.17
Current Relevant Support: $39.12
Recent Close: $42.79
Comment: Yahoo looked to be left for dead yesterday as it began to break down through the bottom of the Value Area on the Weekly Chart.
What a difference a day makes.
We still have to complete the week (and confirm), but price looks set to climb.
Interestingly, support is from a high that extends all the way back to 2006.
You guys may recall, I’m not a big fan of support and resistance from multiple years back… however, the picture here is fairly clean and precise, so the $42 area could remain significant for some time to come…