YAHOO INC
Yahoo Stock is stuck in a range bound pattern technical indicates as long as it is moving in range trend will mix with no clear direction, sharp movement is expecting once it comes out from its range bound pattern.
Currently Yahoo stock forecast that is on the verge of bearish breakout as it is about to come out from its range pattern, if closes and holds below on down side then further price fall can be seen in coming days.
Yahoo Stock was on news that Tigress Financial has downgraded Yahoo inc to neutral from buy and they also mention that they see little for turn around in near future. The company also missed earnings expectations by nearly 17 percent on April 21, while revenue increased by 8 percent. Yahoo stock closed on weak note on Mondays trading and testing its previous low.
Yahoo's Inc revenue in the recent quarter is from the combined categories of mobile, social, video and native grew 58% , but represented just 30% of revenue. Cash flow has also fallen 7% in the past year to 2.9 billion.
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