This is a segment of a column that was originally published on

RealMoney

on May 7 at 11 a.m. EDT. It's being republished as a bonus for

TheStreet.com

readers. For more information about subscribing to

RealMoney,

please click here.

Last Friday, traders were saying yoo-hoo for Yahoo! as speculation raged about its acquisition by

Microsoft

(MSFT) - Get Microsoft Corporation (MSFT) Report

. Whether that will ever materialize is yet to be seen.

TheStreet Recommends

However, the weekly chart shows solid resistance at $34. I wouldn't be a buyer unless Yahoo! broke above resistance, which would also be a new 52-week high. Until that happens, there are better opportunities.

(Please see chart below.)

Click here

to see more of Dan's charts.

If you'd like to read a primer on technical analysis, please

click here .

At the time of publication, Fitzpatrick had no positions in the stocks mentioned, though positions may change at any time.

Dan Fitzpatrick is the publisher of

StockMarketMentor.com

, an advisory newsletter and educational forum dedicated to teaching effective risk management and trading methodologies to aspiring traders and investors. He is a former hedge fund manager and a member of the Market Technicians Association, and he now trades from his home in San Diego, Calif. While Fitzpatrick holds various securities licenses, he does not give recommendations to buy or sell stocks. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. He appreciates your feedback;

click here

to send him an email.