Yahoo Now One of the Most Overbought Names in S&P 500
MINYANVILLE ORIGINAL Back on October 5 2012 we went to a Strong Buy (or 5 rating) on Yahoo (NASDAQ:YHOO) (see Why Yahoo Is a Strong Buy). Back on November 28 2012 we reduced 50% of our exposure as it received an Approaching Overbought level. Today we got an Overbought level which means we will reduce 100%. Yahoo is now the third most overbought name in the S&P 500 (INDEXSP:.INX). Click to enlarge To learn more about ChartLabPro's algorithm visit www.chartlabpro.com.