How To Buy Top Breakout Stocks On A Pullback ($YELP)
Sep 10, 2013
On August 21, 2013, we bought Yelp, Inc. ($YELP) in The Wagner Daily newsletter, as the stock pulled back to near-term support after a massive breakout (click here to see our original analysis of $YELP on day of buy entry).
Since then, shares of $YELP have zoomed to an unrealized share price gain of 27% (from our entry point through the close of September 11), and we continue to hold the stock in anticipation of further gains.
In the educational 5-minute swing trading strategy video below, we walk you step-by-step through the objective technical analysis that prompted us to buy $YELP, currently one of the strongest stocks in the NASDAQ.
Specifically, you will learn a low-risk way to buy a stock that forms a bullish reversal pattern after pulling back to near-term support of its 20-day exponential moving average.
For best viewing quality, play the video below in full-screen HD mode. After playback begins, just click the icon on bottom right side of the video player window:
Want to profit from stock picks like this? Start your risk-free subscription to The Wagner Daily today.
If you enjoyed this stock market video, please share with your favorite social network. Of course, comments are also appreciated.