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Uptrend Call Working As Ellie Mae Inc Stock Rises 48.0% (ELLI)

By Amy Schwartz

SmarTrend identified an Uptrend for Ellie Mae Inc (NYSE:ELLI) on January 10th, 2019 at $66.91. In approximately 11 months, Ellie Mae Inc has returned 47.96% as of today's recent price of $98.99.

In the past 52 weeks, shares of Ellie Mae Inc have traded between a low of $58.49 and a high of $100.00 and are now at $98.99, which is 69% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Ellie Mae, Inc. provides electronic mortgage origination in the United States. The Company offers 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 shifts in the trajectory of Ellie Mae Inc shares.

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