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Crossed Above 50 Day Moving Average appears for YELP after 7.06% move
On Wednesday, July 1st, YELP moved up 7.06% while volume increased to 1.4× the usual levels. Multiple bullish signals emerged — Crossed Above 50 DMA, Upper Bollinger Band Walk, MACD Bullish Centerline Cross, Expansion Pivot Buy Setup & Pocket Pivot — suggesting potential strength ahead. Key support levels exist at 25.16, 24.08 & 23.48, with resistance at 26.84, 27.44 & 28.52. Meanwhile, Slow Stochastic is showing overbought conditions.
Current SwingTradeBot Technical Rating of YELP: D
There’s more where that came from. See all of today’s signals for YELP here.
Read full article here »