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Yahoo! Inc. - YHOO - close: 35.68 change: +0.23 stop: 33.95

Company Description:
Yahoo! Inc. is a leading provider of comprehensive online products and services to consumers and businesses worldwide. Yahoo! is the No. 1 Internet brand globally and the most trafficked Internet destination worldwide. Headquartered in Sunnyvale, Calif., Yahoo!'s global network includes 25 world properties and is available in 13 languages. (source: company press release)

Why We Like It:
Now that the NASDAQ Composite has finally broken out above round-number, psychological resistance at the 2000 level in addition to its simple and exponential 200-dma's, we may finally see the technology stocks take on a leadership position in the market. If that is to occur then momentum traders may push the Internet favorites back into the limelight. We believe that YHOO's six-week consolidation of higher lows under resistance at the $36.00 level could be nearing an end. We are suggesting that readers use a trigger at $36.05 to catch the bullish breakout. We'll use a stop loss under the simple 200-dma near $34.00. Our short-term target will be the $39.00 level. 

Picked on May xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 04/19/05 (confirmed)
Average Daily Volume: 20.9 million 

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