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27.6% Return Seen to Date on SmarTrend MercadoLibre Call (MELI)

By Shiri Gupta

SmarTrend identified an Uptrend for MercadoLibre (NASDAQ:MELI) on January 5th, 2017 at $169.42. In approximately 2 months, MercadoLibre has returned 27.55% as of today's recent price of $216.11.

Over the past year, MercadoLibre has traded in a range of $48.30 to $218.75 and is now at $216.11, 347% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.7%.

MercadoLibre Inc. operates an online trading site for the Latin American markets. The Company's website allows businesses and individuals to list items and conduct sales and purchases online in either a fixed-price or auction format. MercadoLibre offers classified advertisements for motor vehicles, vessels, aircraft, real estate and services, and offers online payment services.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of MercadoLibre shares.

Log in and add MercadoLibre (MELI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights MercadoLibre

Ticker(s): MELI