Can the Recent Uptrend Continue for Yelp Inc (YELP)? - Tale of the Tape
September 06 2013 - 6:59AM
Zacks
Yelp Inc
(YELP) has been on the move lately as the stock has
risen by 7.4% in the past four weeks, and it is currently
trading well above its 20-Day SMA. This is a pretty solid move
higher, but the question that has to be on investors’ minds right
now is; can this trend continue?
While there can be no telling for sure, it is certainly encouraging
that earnings estimates have risen in the past few weeks on the
company, suggesting that sentiment on YELP is moving in
the right direction. In fact, the stock currently has a Zacks Rank
#2 (Buy), suggesting that the recent run could certainly
continue for this in-focus company.
YELP INC (YELP): Free Stock Analysis Report
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