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Posted by ZorTrades

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.

YELP Could Be In Play Today

by ZorTrades on January 10, 2013

in Stocks, Technical Analysis

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

Make sure you talk to your financial advisor, broker, twitter guru, before acting on any tips, suggestion, idea, recommendation or you can always reach us and we will walk you through it ZorCapital.

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