May 09, 2013 at 18:10 PM EDT
Yandex Breaks Out From Two Patterns
When stalking buy points, the most obvious place to look is to the left-side high of the base. But sometimes, investors should dig a little deeper to find a lower entry. Yandex (YNDX) is a case in point. The stock cleared a 26.07 buy point from an odd cup-without-handle base May 3 in weak turnover. But some heavy trade came in a few days later. Yandex closed about 3% past the 26.07 trigger Thursday. Another way to look at Yandex's chart is that it
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