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TMCNet:  Uptrend Call Working As MercadoLibre Stock Rises 16.5% (MELI)

[April 23, 2013]

Uptrend Call Working As MercadoLibre Stock Rises 16.5% (MELI)

Apr 23, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for MercadoLibre (NASDAQ:MELI) on December 12th, 2012 at $80.56. In approximately 4 months, MercadoLibre has returned 16.53% as of today's recent price of $93.87.

MercadoLibre share prices have moved between a 52-week high of $104.50 and a 52-week low of $48.30 and are now trading 94% above that low price at $93.76 per share. The 200-day and 50-day moving averages have moved 0.30% higher and 0.34% higher over the past week, respectively.

MercadoLibre Inc. operates an online trading site for the Latin American markets. The Company's website allows businesses and individuals to list items and conduct sales and purchases online in either a fixed-price or auction format. MercadoLibre offers classified advertisements for motor vehicles, vessels, aircraft, real estate and services, and offers online payment services.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of MercadoLibre shares.Log in and add MercadoLibre (MELI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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