19Mar11:45 amEST
More Bad Reviews for This Chart
YELP has been a perpetual loser for a while now, lagging other marquee names and even failing to see the one-off pops that fellow underperformer Pandora has seen among junior marquee names.
On the updated daily chart, below, we have a pretty textbook breakdown in progress from a well-defined consolidation within the context of an established downtrend. Barring a buyout, I view the name as still being a viable short play.
Elsewhere, the metals are holding up well today considering the Dollar's bounce-back. I am looking to see if my NUGT can flip green. However, the consolidation looks orderly so far.
As far as fresh ideas, WYNN may finally be ripe for a quick long, as it has fallen 50% since its early-2014 highs and is now quite overdone short-term on the downside.
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