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Yelp Inc Bearish Moving Average Crossover Alert (YELP)

By David Diaz

Yelp Inc (NASDAQ:YELP) crossed under its 10-day moving average of $41.69 on a volume of 308K shares. Swing traders may find an opportunity 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 $26.35 and a high of $43.41 and are now at $41.35, which is 57% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 1.1%.

SmarTrend recommended that subscribers consider buying shares of Yelp Inc on July 12th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.74. Since that recommendation, shares of Yelp Inc have risen 31.7%. We continue to monitor YELP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses yelp inc

Ticker(s): YELP