Yelp (YELP) is a recent base failure set-up that has rallied back up to its 50-dma after breaking down hard with the market the week before last. This looks like a short here using the 50-dma at 42.68 as your guide for a tight upside stop. Ideally, any small rally up to the line would offer a lower-risk entry opportunity on the short side if we can get it when the market opens up on Tuesday.
Short-Sale Set Up - Yelp (YELP) for 2/20/18
|Published:||18 Feb 2018 20:32 ET|
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