Market_Psychology

Price breakout on buyout rumors

NASDAQ:YHOO   None
3
Rumors that $ZV Verizon might buyout Yahoo sent it stock over the short term resistance at 39 today. I remain skeptical because volume is not strong. But you know the old saying "buy the rumor sell the news" a less conservative investor might pounce on this opportunity

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.