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SmarTrend Watching for Potential Pullback in Shares of Yelp Inc After 10.21% Gain

By Amy Schwartz

Yelp Inc (NYSE:YELP) traded in a range yesterday that spanned from a low of $35.82 to a high of $36.35. Yesterday, the shares gained 10.2%, which took the trading range above the 3-day high of $35.94 on volume of 162,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Yelp Inc share prices have moved between a 52-week high of $40.99 and a 52-week low of $30.11 and are now trading 20% above that low price at $36.16 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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: rebounders yelp inc

Ticker(s): YELP