Tuesday, January 28, 2014

Yahoo technical notes ahead of earnings

Yahoo sees Q1 revenue ex-TAC $1.06B-$1.1B, consensus $1.08B.
Jan 28 at 16:14
Profile hits: NONE

      Sees Q1 non-GAAP operating income $130M-$170M and adjusted EBITA

 Yahoo! Inc. Reports Q4 EPS of  $0.46 vs  $0.38 Est; Revenue of  $1.20B vs  $1.20B Est

By Fly On The Wall
Yahoo technical notes ahead of earnings
Jan 28 at 15:30

      The company reports tonight after the close. Ahead of results, there are a
few technical notes of worth to mention. In the last three months, the stock is
up over 13%, even taking into account a decline in recent weeks from the 52-week
high at $41.72. The dip recently suggests caution into earnings. The shares
have been big out-performers, up more than 80% in the last year. Tonight's
results may test the honeymoon phase with CEO Mayer. On positive results,
guidance, or other news favorable to shareholders, it is probable the big test
would be at the 52-week high. Above that the next big resistance area is at
$43.45, a prior pivot high in 2005. A negative result on the same metrics
above on an increasing scale of disappointment could see $36.65, $35.06, and
$32.06 as supports that may be tested. The latter level is the pivot from
November of last year, from which the shares rallied sharply. There is a
moderate short-base in the name at 3.4% of the float short, which is essentially

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