11Jun3:18 pmEST

An Important Test of Balance

I posted the following monthly chart of Yahoo! on Stocktwits earlier today, but it is worth another look in the final hour of trading today.

YHOO does not report again until late-July. And, as you can plainly see, the stock had broken out from ten-year resistance only to "check-back" to the $40 now for a huge retest. I am looking to see if buyers can come in and balance out any selling pressure here, since falling back below $40 would call the entire breakout/bull/BABA thesis into question. 

As for the market, GILD and LLY are flexing for bulls in the biotech and healthcare sectors, respectively. So I am stalking BPMC and HZNP again as potential longs. 

It's Good to Digest This Gas Stock Market Recap 06/11/15 ...

 
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