Technical Analysis: Yahoo, America Movil And Coherent

Yahoo Stock Price Technical Analysis

Yahoo (NASDAQ:YHOO) stock price is reaching its 20 day moving average line. The 20 day moving average has been acting as resistance to Yahoo’s stock price since December 1st.  The fact that the stock price has tested the 20 day moving average several times in last one month but has not been able to breach it, makes 20 day moving average a strong resistance level. However the MACD indicates a bullish movement in stock price. The MACD line is about to cross signal line, indicating that price is likely to go up.
YHOO Technical chart
Yahoo Technical Analysis Charts by amigobulls.com

America Movil Stock Technical Analysis

America Movil (NYSE:AMX) stock price is reaching its hundred day moving average line. The 100 day moving average has acted as resistance in past. America Movil stock price has also touched the upper of the Bollinger bands indicating that the stock price is likely to decline. The RSI indicator also confirms the signals from Bollinger band. The RSI indicates that the stock is in oversold territory. The MACD divergence is also widening indicating a possible drop in prices. Based on Bollinger band and RSI it is likely that American Movil stock price may not cross hundred day moving average. Hundred day moving average is likely to act as resistance to the stock price.
AMX Technical chart
America Movil Technical Analysis Chart by amigobulls.com

Coherent Stock Technical Analysis

Coherent (NASDAQ:COHR) stock price is nearing its 20 day moving average line. RSI indicates that the stock is currently in oversold territory and is likely to rise up. RSI is currently under undersold threshold of 30. The MACD divergence is also wide indicating a likely rise in price.
COHR Technical chart
Coherent Technical Analysis Chert by amigobulls.com

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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