Barchart.com's Chart of the Day - Ellie Mae (ELLI) - Jul 3, 2014

          The Chart of the Day belongs to Ellie Mae (ELLI).  I found the stock by sorting the New High List for new high frequency in the last month then used the Flipchart feature to find the chart I liked. Since the Trend Spotter signaled a buy on 5/12 the stock gained 21.79%.

ELLI operates electronic mortgage origination networks in the United States. The Company's network and technology-enabled solutions help streamline and automate the mortgage origination process. Solutions offered by Ellie include Encompass software, a comprehensive operating system that handles key business and management functions involved in running a mortgage origination business, and serves as a gateway to the Ellie Mae Network. Through its solutions the Company also offers services like: automated preparation of the disclosure and closing documents; electronic document management and websites and electronic connectivity. Ellie Mae, Inc. is headquartered in Pleasanton, California.


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Fundamental factors:
As the housing market returns to normal this might be a good long term stock.  I'd still exit at the 100 day moving average


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