Yahoo! (YHOO) Getting Ready To Move?

Yahoo! (YHOO) has been very quiet recently. Is it getting ready to move soon?

Yahoo! (YHOO)
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It seems YHOO bulls and bears are just playing a game of chicken waiting to see who will make the next move.

Volume has been declining in this consolidation period right at the 50DMA.

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  1. Though the wedge broke, watching Eric Jackson of Ironfire Capital on Bloomberg now, touting Yahoo ($28 mil stake). Makes a point that the is board cleaned out all new and ‘a lot is about to happen’. Only price pays, but the story will keep it on my watch list for awhile.

  2. With a big stake in YHOO no wonder he is touting it as a turnaround play. A lot of people watching this one.

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