Yahoo! (YHOO) to Close Above $16 for First Time in Nearly Six Months

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Yahoo! Inc. (Nasdaq: YHOO) is on a three-session run which could find the former search giant closing at its highest level in months.

Though the naming of Marissa Mayer as CEO on July 16th was big news, it wasn't enough to drive shares to new heights.

Only with Apple (Nasdaq: AAPL), Microsoft (Nasdaq: MSFT), Google (Nasdaq: GOOG), and others reporting earnings has confidence slowly and surely been restored. Whether the trend will continue is another question.

If shares stay above $16, it will be the first time Yahoo! closes above the mark since February 13th, 2012, when it ended at $16.12.

It should also be noted that Yahoo!'s annual high is currently set at $16.79, hit on October 19th, 2011.

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