Maybe No One Wants Yahoo! Inc. (NASDAQ:YHOO)

Maybe No One Wants Yahoo! Inc. (NASDAQ:YHOO)

Maybe No One Wants Yahoo! Inc. (NASDAQ:YHOO)

YHOO delivered yet another disappointing quarter of results, years of mismanagement are eating away at what ever value there was in the company.

YHOO has been publicly on sale for sometime, but no one has stepped up to buy the can of works, and maybe no one will!

Yahoo! Inc. earnings at a glance:

-Earnings (Q2): $86.96 Mln. vs. $152.52 Mln. last year.
-Earnings Decline (Y-o-Y): -43.0%
-EPS (Q2): $0.09 vs. $0.16 last year.
-EPS Decline (Y-o-Y): -43.8%
-Analysts Estimate: $0.10
-Revenue (Q2): $1.31 Bln vs. $1.24 Bln last year.
-Revenue Change (Y-o-Y): 5.6%

YAHOO! INC closed up 0.230 at 37.950. Volume was 18% above average (neutral) and Bollinger Bands were 5% narrower than normal.

Open High Low Close Volume___
37.680 37.970 37.500 37.950 16,046,777

Technical Outlook

Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 37.74 37.17 34.12
Volatility: 13 32 41
Volume: 12,029,875 12,346,106 15,368,985

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

YAHOO! INC is currently 11.2% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of YHOO.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on YHOO.O and have had this outlook for the last 8 periods.

Momentum

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 55.0634. This is not an overbought or oversold reading. The last signal was a sell 7 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 55.68. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 72 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 53. This is not a topping or bottoming area. The last signal was a sell 9 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 10 period(s) ago.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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