( Friday close ) Chart courtesy of stockcharts

Shares of YHOO are today in focus after Merrill Lynch upgrade stock to Buy from Neutral. Looking at the daily chart, looks like YHOO can be able to move up more from here, after has been broken an important resistance on Friday at $26.12 closing near the highs of the day at $26.82. It will be interesting to know if stock will maintain this trend today. So keep an eye on YHOO for a possible close above its 50 dma and 200 dma, because they are now the biggest resistances that stock has to break.

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 example.