Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Altaba's stock skidded 2.29% in the last session, or 1.59 points, leaning thereafter on the support of 67.86, while hurt by piercing the upside trend line recently in the short term, with negative pressure from the 50-day SMA.
Therefore we expect more losses for the stock, especially if the support of 67.86 was breached, targeting the next one at 62.06.
Expected trend for today: Bearish