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Ellie Mae Inc Shares Up 48.0% Since SmarTrend's Buy Recommendation (ELLI)

By Shiri Gupta

SmarTrend identified an Uptrend for Ellie Mae Inc (NYSE:ELLI) on January 10th, 2019 at $66.91. In approximately 16 months, Ellie Mae Inc has returned 47.96% as of today's recent price of $98.99.

Ellie Mae Inc share prices have moved between a 52-week high of $99.00 and a 52-week low of $98.97 and are now trading 0% above that low price at $98.99 per share. Over the past week, 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