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timwest
Jun 12, 2014 1:42 PM

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

Yelp Inc.NYSE

Description

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
Comments
aa781
Nailed it!
timwest
Unreal
american.songwriter
Good call
timwest
I guess a little luck never hurts
A-shot
Cant believe it - 10% pre-market right off the bat.
timwest
Wow is right!
A-shot
Its more than wow Tim :D
timwest
BANK profits
A-shot
Indeed, the gap needs to get filled a bit :)
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