(MercadoLibre Inc)

	MELI latest price $274.7153 (16.34%) ($253.8391 - $275.1047) on Fri. May. 5, 2017.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.44% (three month average)
RSI	89
Latest Price	$274.7153(16.34%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 4% a day on average for past five trading days.
Weekly Trend	MELI advances 5.1% a week on average for past two weeks.
Market Behavior	Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs	Broad market will support MELI advance at 0% a week (0% probability)   IBUY(66%)    IWF(63%)    QQQ(63%)    IVW(61%)    SKYY(61%)
Factors Impacting MELI price	MELI will decline at least -1.22% in a week (0% probabilities).   VIXM(-13%)    UUP(-11%)    TLT(-5%)    IPO(-5%)    SHY(-1%)
Explanation	The rally is not sustainable and not supported by the broad market.
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.22% (StdDev 2.44%)
Hourly BBV	0 ()
Intraday Trend	7.3%

5 Day Moving Average	$242.9(13.1%)
10 Day Moving Average	$236.25(16.28%)
20 Day Moving Average	$227.99(20.49%)
To recent high	0%
To recent low	43.7%
Market Cap	$13.656b

MercadoLibre, Inc. engages in the provision of online commerce platform with focus on e-commerce and its related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The firm provides users a mechanism for buying, selling and paying as well as collecting, generating leads, and comparing lists through e-commerce transactions. The company was founded by Marcos Eduardo Galperin on October 15, 1999 and is headquartered in Buenos Aires, Argentina.

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