Gold is rising again (see P&F graphs below) and like a puppet Yamana is responding in lock step.
I am not convinced that Gold will resume former glories of $1000/oz but maybe people will think so and drive up the stock price to $19.00 again or beyond.
Here is the SharpChart I use
YRI.TO - SharpCharts from StockCharts.com
As you can see we were headed down negative after the bollinger Band tightening but the rebound of the gold price changed that. We have recrossed the 200 dayMA the accum/Dist is positive and the TRIX looks to be going positive along with the RSI
$15.00 looks to be a resistance mark. From a previous post the P&F chart shows that $13.00 is a support level. If it falls below this then I will sell right away..
Here is the 5 day linechart from Yahoo.com
For the next day or so it looks good...increased volume should drive the price higher....but personally I am looking for a target around $18-19 and then I am out....