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Yelp Inc Rises 3.32% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Yelp Inc (NYSE:YELP) traded in a range yesterday that spanned from a low of $33.79 to a high of $36.44. Yesterday, the shares gained 3.3%, which took the trading range above the 3-day high of $34.61 on volume of 1.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Over the past year, Yelp Inc has traded in a range of $29.33 to $52.50 and is now at $35.67, 22% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders yelp inc

Ticker(s): YELP