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Shares of Yelp Inc Down on Above Average Volume, Moving Against Trend (YELP)

By Nick Russo

Shares of Yelp Inc are trading down 8.0% to $33.58 today on above average volume. Approximately 1.3 million shares have changed hands today vs. average 30-day volume of 599,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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.

Yelp Inc share prices have moved between a 52-week high of $40.99 and a 52-week low of $30.12 and are now trading 21% above that low price at $36.50 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

Keywords: unusual volume yelp inc

Ticker(s): YELP