Can The Uptrend Continue for Ellie Mae (ELLI)?

Investors certainly have to be happy with Ellie Mae, Inc. and its short term performance. After all, the stock has jumped by 26.5% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for ELLI?


Source: Zacks

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