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.
All you need to know about YELP
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