YAHOO! Inc. (NASDAQ: YHOO) Sells Off Says Market Timer Frank Kollar
June 7, 2007 (FinancialWire) (By Frank Kollar)
Shares of YAHOO! Inc. (NASDAQ: YHOO) have declined to support at $27.44. A decisive close below this level will push YAHOO below its April trading lows and forecast lower lows in coming weeks.
How low? The next support level is at $26.54 and then all the way down at $25.35.
FibTimer.com (http://www.fibtimer.com) takes positions in its Stock Timing Strategy in select issues that meet its trending requirements.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
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