Despite this, its stock surged with a breakout and day, giving opportunities to traders who can completely ignore logic.
Yahoo ( YHOO ) shares are likely in the process of completing a trend reversal.
A positive divergence from October could set the stage for additional price action.
Today’s breakout on … interesting… news did send the share price surging to a fresh new swing high.
The upside chart target for now extends to the underside of the falling 200 day near $38.30 per share.
Watch the $35.50 level as your key bull/bear .
A return under $35.00 opens a downside play toward $33.00 again.
Should share prices in the future break through the 200 day at $38.30, it would set in motion a series of trades (and price action) higher.