Yahoo-a bullish stock to watch now

Thursday, January 27, 2011 by lemonna ·



The last candlestick for yahoo looks very strong,
It gains 4.05% on 01/27/11.
YHOO is trading in the range of $15.41 - $17.34 in the past 30 days.
Overall,
Commodity Channel Index (CCI) is bullish for YHOO.
YHOO formed a Bullish Bollinger Band Crossover (Lower) signal.
Money Flow Index (MFI) is bullish and moving up for YHOO.
YHOO formed a bullish Price & Exponential Moving Average Crossover signal.
The 10-day simple moving average is bearish and moving down for YHOO.
Average volume increase over 10% for YHOO.

 

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I am a day trader. I think Day trading is more profitable than long term investment.For daytraders, there is one thing should always to remember- set a stop loss. In my first year in trading, I wasn't care about the stop loss,I lost a lot of money and I re-studied, watched and paper traded again.Then I made big profit return in my next two years.
Technical indicators is definitely a necessary tool for day traders and easy to learn, so I here to share my experience and provide you useful stock resource and online stock trading tips.
How do I trade:
Normally, I use combination of technical indicators such as MACD,slow stochastic, RSI,Moving average to pick the stock I want. I like to trade stock with support and resistance, or the stock with MACD and Slow Stochastic Divergence.