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Yelp (YELP) stock exploded last week after the company beat revenue estimates and raised guidance. They also reported strong business trends and growth. Yelp did not report a profit because they continue to invest most of the revenue back into the business. Moving forward, YELP will have resistance located at $91.40. I have a $190 price target on YELP for the next 3-5 years. I continue to hold a large position in my long term account while trading it in my short term account. Right now the average in my long term account is $53.56.
Also see - Top Stocks 2014 - Top Stock Gainers 2014
