Yahoo (NASDAQ:YHOO) – This large-cap information technology giant had been trading within a bear channel since May. But at August’s low, prices turned sharply higher, which led to a break through a double-top in October, following a quick correction that drew unusually high volume.
On a day like yesterday, when the market suffered a crushing blow, YHOO fell by just a nickel. Rumors persist of a takeover by a larger company continue reported in the press. The chart breakout yields a trading target of $20.