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Yelp (Symbol: YELP) Not A Convincing Bull

2018-01-20_21-YELP-UTW

YELP Weekly Price Chart in USD – Previously identified as a bull case, Yelp did not confirm the breakout  above $43.5. The technicals are weakening and if last week’s low of $42.85 is taken out the rising support will break as well with the risk of a swift decline. As a consequence we will protect the position in the long term portfolio with a tightly adjusted stop loss set just below $42.5.

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