After a major decline in 2000 YHOO traded in a wide trading range for 2 years. Two months ago in March the stock broke above resistance which you can see above. I have drawn the current uptrend line also and would remain bullish as long as the stock remains above this trendline. The relative strength reading is reaching very high levels on a weekly basis. YAHOO trades at approximately 11x sales. The company has about $2.30 per share in cash and investments. Book value stands at $2.63.

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