YELP Could Be In Play Today
- Posted by Frank Zorrilla
- on January 10th, 2013
YELP recently broke out from a low cup formation ($20.60) and it immediately went up 4.8%. The stock is now down 3 consecutive days and retesting the breakout level, going through $21 (yesterday’s high) could get the stock moving again. The stock is heavily shorted so if it catches some momentum it can probably trade up to $24 with a stop at $19.90.
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The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Frank Zorrilla is the founder and chief investment officer of Zor Capital LLC.He began his Wall Street career 10 days after his 20th birthday when he became a Series 7 licensed stock broker. More »
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