This stock has been chosen as a JUMP candidate for its upcoming earnings catalyst that is likely to move the stock between 5-20% post release. To conduct further research on the financials, analyst views and pivot points visit the Inside Mole research tool. This report is based on our analysis and opinions and the trade plan is how we intend to trade this event. As a self-directed trader you may decide to take a different approach to this event. For details on how we trade these events watch the video below.
Target: YELP, Inc. (YELP)
Earnings Release Date: 5/10/18 (After Market Close)
Position Entry Time: (at or near EOD-end of day)
(** always check in the trade room 30 minutes prior to close for last minute trajectory updates
ANALYSIS: StockJumpers trajectory analysis reveals a weak release with numbers going forward that may miss expectations, and the stock drops post release. We were looking for a reason to go long here, based on last quarters huge beat… but just don’t see it. We think the stock is overbought at this juncture and any weakness in the report will follow with a correction which may be significant
We are overall SHORT for this event.
(Note: This is an after-market release – today)
TARGET ‘JUMP ZONE’ POTENTIAL: 1-12%
CONFIDENCE RANKING: 7
POTENTIAL OPTIONS CONTRACT: NONE
Click here to go to the research page to review the current financials and analysis of this stock before you place any positions. Just enter the ticker symbol.