Yahoo! Powers On (YHOO)

Posted in pre-market 
September 15th, 2009

Yahoo! (YHOO) is now trading up over 3% this morning after having been up originally by 0.2% on yet another analyst upgrade.  Bernstein raised the rating to Outperform from Market Perform in a research call this morning based on low valuations.  At 8:11 AM EST we have seen a gain of 3.7% to $16.15 after closing at $15.57 yesterday.  The volume is also almost 300,000 shares on the call.  This will actually be the highest share price since July 29. In the days before July 29, $16.80 was the first toppy area and then $17.10 and then $17.40. The high intraday on that cycle was $17.68 and the high close was $17.48.  -JON OGG

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