These stocks, Yahoo! Inc, have been showing downward channel patterns on March 24. This pattern is short-term bearish as the stock falls within the descending channel, but these patterns form long uptrends as a continuation pattern. The stock displays an downward tilt and is controlled by two parallel lines. The higher line connects two consecutive lower highs. The lower line connects two or more consecutive lower lows. As the price hits the lower line, it bounces up to the higher line which acts as a resistance line. Investors may want to watch out for a breakpoint as the stock will most likely hit a long-term up trend.
Shares of Yahoo! Inc (YHOO) fell by 0.68% or $-0.11/share to $15.39. In the past year, the shares have traded as low as $11.09 and as high as $18.85. On average, 17847990 shares of YHOO exchange hands on a given day and today's volume is recorded at 8486242.
