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Yelp Inc Bearish Moving Average Crossover Alert (YELP)

By Amy Schwartz

Yelp Inc (NYSE:YELP) shares have crossed bearishly below their 10-day moving average of $41.62 on a volume of 241K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Yelp Inc have traded between a low of $28.98 and a high of $48.40 and are now at $41.44, which is 43% above that low price. The 200-day and 50-day moving averages have moved 0.04% lower and 0.11% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Yelp Inc and will alert subscribers who have YELP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses yelp inc

Ticker(s): YELP