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SmarTrend Watching for Potential Rebound in Shares of Yelp Inc After 28.30% Loss

By Amy Schwartz

Yelp Inc (NYSE:YELP) traded in a range yesterday that spanned from a low of $29.33 to a high of $32.27. Yesterday, the shares fell 28.3%, which took the trading range below the 3-day low of $43.05 on volume of 15.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Yelp Inc have traded between the current low of $29.33 and a high of $52.50 and are now at $30.75. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has remained constant.

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