MercadoLibre (MELI) stock hovered in a buy zone Wednesday out of a double-bottom base. Shares broke out and reached a new high recently after the company reported earnings. The IBD Sector Leader has gained around 29% so far this year, well outpacing the S&P 500's modest 1% rise. The Latin American e-commerce giant has a three-year sales growth rate of…
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.