Sunday, July 13, 2014

How to trade Yahoo heading into earnings

Yahoo's earnings are next week. Pattern is clear for 2014, lower highs
Resistance level is also clear
Wide channel pattern (current condition) are very hard to trade, so let the moving averages speak.
The 50 EMA is almost getting ready to cross below its 200 EMA (bearish)
Gut feelings ? Not expecting "good news", and not expecting a sudden up trend

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