One Stock That Survived the Market Crash

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.

Trade of the Day – Yahoo (NASDAQ:YHOO)
Click to Enlarge

Trade of the Day Chart KeyAsk Sam on Facebook

Article printed from InvestorPlace Media,

©2021 InvestorPlace Media, LLC