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Mercadolibre (MELI) Looks Good: Stock Up 6.2% in Session

Mercadolibre, Inc . MELI was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This reverses the recent trend of the company as the stock is now down 9.4% in the past one-month time frame.

This Internet commerce stock witnessed one positive estimate revision over the past 30 days. The Zacks Consensus Estimate however remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Mercadolibre sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is positive.

Investors interested in the same space may also consider Amazon.com, Inc. AMZN , carrying a Zacks Rank #1.

Is MELI going up? Or down? Predict to see what others think: Up or Down

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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