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Actionable news in YELP: YELP Inc,

Yelp Breakout Projects a Major Move Higher

A well-defined technical continuation pattern has formed on the Yelp (YELP) chart, and the stock price is currently testing pattern resistance.

A break above this level projects a measured price objective of $44.50, or a nearly 19% move above its current level.

The stock gapped higher in August, and then moved in a sideways channel before making a high for the year in early October. It immediately reversed course and by late October had retraced 38% of its 2016 range and closed the gap.

That low was followed by another gap...