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Ellie Mae Inc Shares Down 33.4% Since SmarTrend's Sell Call (ELLI)

By Nick Russo

SmarTrend identified a Downtrend for Ellie Mae Inc (NYSE:ELLI) on September 17th, 2018 at $99.46. In approximately 3 months, Ellie Mae Inc has returned 33.44% as of today's recent price of $66.20.

Ellie Mae Inc share prices have moved between a 52-week high of $116.90 and a 52-week low of $61.51 and are now trading 8% above that low price at $66.20 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 2.1%.

Ellie Mae, Inc. provides electronic mortgage origination in the United States. The Company provides network and technology solutions which help streamline and automate the mortgage origination process. Ellie Mae's network connects mortgage professionals to mortgage lenders, investors, and service providers.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Ellie Mae Inc.

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

Keywords: spotlights ellie mae inc

Ticker(s): ELLI