Yahoo has rolled over from overbought and is in a confirmed downtrend. $32-$30 target zone. Sell $34.30-$36.00. Stop $1.95 from entry. Be prepared to sell any strength into the gap from Monday's action from 36.94-34.80.
The trend is down using my "Range Movement" calculation which broke trend well before the stock broke its long term back in April. Now, as all eyes focus on Alibaba and YHOO's plans for the cash it hopes to reap in the 8/8/2014 (hoped for) of Alibaba, the stock is moving sideways as old longs cash out and new longs try to support the stock in hopes of profiting from the big cash haul from the Alibaba .
Tim 34.35 last -0.09 10:14AM EST, 6/18/2014