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Yahoo Now One of the Most Overbought Names in S&P 500


Consider reducing exposure.

MINYANVILLE ORIGINAL Back on October 5, 2012 we went to a Strong Buy (or 5 rating) on Yahoo (NASDAQ:YHOO) (see Why Yahoo Is a Strong Buy). Back on November 28, 2012 we reduced 50% of our exposure as it received an Approaching Overbought level. Today we got an Overbought level, which means we will reduce 100%.

Yahoo is now the third most overbought name in the S&P 500 (INDEXSP:.INX).

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