Yahoo returns higher - Analysis - 17-01-2017

Yahoo's stock returned higher in the short-term trading, scoring a profit of 0.38% in the last session, or 0.16 points, amid ongoing positive pressure from the SMA for the last 50 days period, as the stock is buoyed by exiting a descending correctional price channel that limited its previous short-term movements, countered by an influx of negative signals from relative power indicators after reaching extremely overbought levels.
 
Therefore we expect more gains to come for the stock, targeting the pivotal resistance of 44.55, as long as the support of 40.83 holds on.