Yandex Could Be Bottoming
Yandex (YNDX) operates a search engine and provides other Internet services to customers in Russia and internationally. Shares of the stock are up 3% at this point in today's session and may be putting in an intermediate-term bottom.Yandex (YNDX) -- Weekly Source: StockCharts.com View Chart » View in New Window »
A large declining wedge has formed on the weekly chart, with the downtrend resistance line defined by the lower highs since October 2011. Since October of this year, the stock price has been attempting to hold above an internal support line, a linear regression line or best-fit straight line of closing price during the 14-month consolidation....206 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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