timwest
Long

Yelp Inc - YELP - Daily - Small triangle sets up a small jump

NYSE:YELP   YELP INC
197 9 7
Technical pattern only on this extremely rich-valued stock:

Potential small move up from the recent sideways triangle formation.

Longer term I am looking for short-sales in this stock due to its extremely high valuation relative to its current annual revenues. More details to follow at a later date. Be careful.

Tim

9:42AM 6/12/2014 EDT             66.00 +0.23 last YELP
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Cant believe it - 10% pre-market right off the bat.
+1 Reply
Wow is right!
+1 Reply
2use timwest
Its more than wow Tim :D
+1 Reply
Good call
+1 Reply
timwest PRO american.songwriter
I guess a little luck never hurts
Reply
Nailed it!
+1 Reply
timwest PRO aneisharora
Unreal
Reply
BANK profits
Reply
2use timwest
Indeed, the gap needs to get filled a bit :)
Reply
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