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#15) MercadoLibre Inc.(MELI) Forecast Chart for Oct 13, 2017*
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October 12, 2017 (RicochetTrader.com)

Forecast chart for MercadoLibre Inc. ( MELI ) for the next 15 trading days, starting on October 13, 2017

On October 12, 2017 MercadoLibre Inc. had a closing price of $245.45 with 3,024,017 shares traded. The trading liquidity was $742.24M. The forecast predicted average opening price for trading date October 13, 2017 is $245.25.

Summary Information for MercadoLibre Inc. ( MELI ).

Summary of the 10th percentile net composite return.
The best expected daily return of -0.5982% occurs on day 2 where there is a 10% chance that MELI will rise to $258.10 (+5.24%) and there is a 10% chance it will fall to $229.46 (-6.44%). There is a 20% that MELI will cross one of these price levels in 2 days, and adding the returns of +5.24% and -6.44% yields a net composite return of -1.20%. A net return of -1.20% in 2 days is an EDR of -0.5982% per day.

Summary of the 20th percentile net composite return.
The best expected daily return of -0.6032% occurs on day 2 where there is a 20% chance that MELI will rise to $253.86 (+3.51%) and there is a 20% chance it will fall to $233.67 (-4.72%). There is a 40% that MELI will cross one of these price levels in 2 days, and adding the returns of +3.51% and -4.72% yields a net composite return of -1.21%. A net return of -1.21% in 2 days is an EDR of -0.6032% per day.

Summary of the 30th percentile net composite return.
The best expected daily return of -0.4739% occurs on day 2 where there is a 30% chance that MELI will rise to $251.53 (+2.56%) and there is a 30% chance it will fall to $236.64 (-3.51%). There is a 60% that MELI will cross one of these price levels in 2 days, and adding the returns of +2.56% and -3.51% yields a net composite return of -0.95%. A net return of -0.95% in 2 days is an EDR of -0.4739% per day.

Summary of the 40th percentile net composite return.
The best expected daily return of -0.5883% occurs on day 2 where there is a 40% chance that MELI will rise to $249.15 (+1.59%) and there is a 40% chance it will fall to $238.46 (-2.77%). There is a 80% that MELI will cross one of these price levels in 2 days, and adding the returns of +1.59% and -2.77% yields a net composite return of -1.18%. A net return of -1.18% in 2 days is an EDR of -0.5883% per day.

* The forecast for MercadoLibre Inc. (MELI) was made using market data after the close on October 12, 2017 but is generated for the next trading day, or October 13, 2017