Chart courtesy of stockcharts

Shares of YHOO were down today 1% to 29.03 beating the performance of the Indicaes. Looking at the technical chart the stock has been doing very well recently, as K line is on top of D line with MACD on top of signal line. Now that the stock is above 50 day and 200 day moving average more buyers should be coming. YHOO looks strong enough to move forward.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.