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Yahoo (YHOO) almost foreshadowed Wednesday’s market reversal, as shares dropped below their 50-day line, plunging nearly 8% from their intraday high on the stock market today. The move comes just one day after the Web portal announced view-topping quarterly earnings and the spinoff of its 15.4% stake in Alibaba (BABA). The Chinese e-commerce giant’s stock also fell a day ahead of its own earnings report. Watch this video for chart analysis of both Scalper1 News
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