Yahoo! Inc. (NASDAQ: YHOO), a digital media company, is marginally lower in mid-day trading today. At last check, YHOO was trading 0.51% lower at $19.50 on volume of 9.41 million, which is well below the daily average volume of 23.55 million.
YHOO has traded in a very tight range in the last two weeks after breaking through $19 resistance level. Technical indicators for the stock are currently giving bearish signals. YHOO could continue to see a pullback in the next few trading sessions. The stock is likely to find support at around $19. If it falls below this level then the next support level will be at $18.50.
News Corp. (NASDAQ: NWSA), a diversified global media company, is also marginally lower in mid-day trading today, extending its losses from the previous trading sessions. At last check, NWSA was trading 0.32% lower at $24.81 on volume of 8.97 million, which is more than half the daily average volume of 15.67 million. NWSA has fallen more than 1.2% in the last three trading sessions.
NWSA has fallen after facing resistance at $25.50. The stock has struggled to break through this level in the past few months. NWSA is currently trading close to $24.75 support level. The downward slide could continue if the stock falls below this level.
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