Follow @stockstobuy
Yelp (YELP) stock has dropped from $102 to $61 in the past 5 weeks and all eyes will now shift to earnings. I have been trading YELP a lot lately, buying the dips and selling into the rallies. YELP will need to beat earnings and revenue and raise guidance for the stock to rebound in the short term. Long term, 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
