Hello Traders, YELP is showing signs of bullishness. Applying the Predictive/Forecasting model gives us the following numerical targets: High Probability = 50.38 Medium Probability = 57.40 Low Probability = 67.69 Note the Fibonacci matrix to the left. The Medium and Low Probability targets line up closley with the 0.5 and 0.382 levels of the Fibonacci matrix....
"The S&P 500 printed its first all-time high in 7 months just in time for a record bull market. The good mood underlines new trade opps." S&P 500 Historic All-Time Shines Cautious Light On Opportunities drduru.com $SPY $QQQ $IWM $XRT $XLF #VIX $BA $BBY $CAT $BIDU $CSCO $DKS $HIBB $FB $GE $M $MTCH $NFLX $NIB $QCOM $RDFN $Z $TOL $TSLA $WMT $YELP #AT40 #T2108
With the previous earnings causing the stock to gap, I would anticipate this to continue to traveling in the same direction in the coming weeks. A retrace back down to the $44 price area is about a 100% retrace from the previous earnings gap/open.
If you open up your iphone's map application and search around for food you'll see that $AAPL will direct you towards $YELP's platform. Ultimately this shows that #apple has interest in #yelp's success and would compete against #GOOGL to make sure they sustain their market position. Do you think $AAPL would really want to lose to $GOOG maps? I don't see anything...
HTZ puts the pedal to the metal on Monday after market close and is at the 52% mark of its 52-week range and has a 30-day implied of 75%. Due to its size, I'd probably only go short straddle: the Aug 17th 16 short straddle is paying 2.28 with a 25% take profit of .57. YELP shout outs its earnings on Wednesday (8/8) after market close (rank 66/30-day implied...
YELP's price didn't really move much this year, while I still like their business that has great potential (although their POTENTIAL didn't do much these years) Looking for a trade to long is not too crazy compared to the GRUB's rally. Here we got a bullish bat pattern, which is also near the gap from the ER last August. If it can have solid reversal sign near...
$YELP forming a short-mid term falling wedge here. Fundamentally I am bullish on this stock for several reasons. I like the improvements in Yelp's operational efficiencies (more profitable it looks) and also its 0 debt position. Additionally, I think its ~3 billion dollar market cap make it a target for a company like $AAPL. Because when you open your iPhone's...
YELP ( $YELP ) beats ER by $0.02 and takes a dip. Revenue beat by +13%!! Looks to me like a BTFD. I'm in @ 2X 6/1 $43 Calls. We'll see what the reviews do over the rest of the week!
If $SPX can behave and act as a tailwind for $YELP, i would be looking to get very bullish on this business model prior to earnings. If you dig into Yelp's reports, you will find a very diversified revenue stream (it's not just SMB ad money from restaurants!).
A double bottom in YELP, so a bullish signal :)
YELP - Consolidating after hitting key resistance level at $43. Over-extended with 50day ma >20% over 200day ma. Due for pullback below $40. #yelp #short #resistance #NYSE #smallcap *Note: Idea/opinion, not investment advice
Potential for more downside short term to under 30 before continuing to rally to upside next year.
... for a 1.15 ($115)/contract credit. Ordinarily, I look to set these up in expiries closer in time, but I'm going out to the monthly to collect additional credit, give myself more time/room to be right ... . Will shoot to take this off at 50% max profit (~.57 ($57)/contract debit).
Hi traders, We're currently looking at Yelp's daily chart here. There are some good reasons to short soon. Previous structure formed at August 2015 and December 2015. Completed AB=CD=EF pattern Fibonacci extension confluence Entry: $ 31.63 Stop: $ 33.80 Target: $ 26.60 = R:RR 2.32 Just an idea. Updates will follow.
Currently, there are three earnings announcements next week that meet my >70% implied volatility rank, >50% implied volatility standards: YELP, KORS, and NVDA and that offer up at least 1.00 ($100)/contract in credit for my troubles. Preliminarily: YELP Aug 19th 26.5/38 short strangle goes for 1.09 ($109)/contract at the mid (Tuesday after market close). KORS...