Yahoo! Inc. (NASDAQ: YHOO), a digital media company, is marginally lower in mid-day trading today, reversing some of the gains from Monday. YHOO had finished more than 1.5% higher on Monday after analysts at Needham raised price target on the stock to $26. At last check, YHOO was trading 0.30% lower at $19.59 on volume of 5.35 million, which is well below the daily average volume of 24.49 million.
YHOO has traded in a very tight range over the past couple of weeks. Technical indicators suggest that the stock could see a pullback in the next few trading sessions. YHOO currently has support at around $19.50.
Groupon Inc. (NASDAQ: GRPN), a provider of daily deals in over 500 markets in 44 countries, is rebounding in mid-day trading today after falling sharply in the previous trading session. GRPN had fallen nearly 4% on Monday after the company announced the acquisition of CommerceInterface, a leading provider of web-based channel management technology.
GRPN is currently trading 4% higher at $4.82 on volume of 4.27 million, which is a fifth of the daily average volume of 20.56 million. GRPN has traded sideways over the past two weeks. The stock currently faces strong resistance at $5. If it breaks through this level then a bullish trend will be established.
WallStreetScoop.net issues momentum alerts on stocks that can provide gains to day traders and short-term investors. WallStreetScoop.net provides members with timely information and exclusive alerts on under-valued stocks in the United States with the potential to deliver short-term gains.
WallStreetScoop.net monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals WallStreetScoop.net is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading small cap stocks. Gain an Edge by joining the WallStreetScoop.net newsletter and receiving alerts from a Pro-Active team of researchers. Wall Street Scoop believes traders should have a chance at successfully trading Small stocks and invites traders and investors to be part of the free membership.
Simply sign up for free and start receiving exclusive alerts.
Disclosure: WallStreetScoop.net is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetScoop.Net website, for complete risks and disclosures.
web feeds
