MercadoLibre (MELI) Hitting a 52-Week High--Could It Go Higher?
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MercadoLibre (Nasdaq: MELI) over $70 today, hitting a 52-week high of $72.85. On Mad Money on CNBC, Jim Cramer presented Mercadolibre as a great Internet play for Latin America. Mercadolibre offers e-commerce services and an exchange platform in Latin America. Mercadolibre has been called the ebay of Latin America. MELI also provides an online payment service.
When Cramer spoke about MercadoLibre it was trading at $55, today it is almost at $73. Cramer said this one could go north of $85.
When Cramer spoke about MercadoLibre it was trading at $55, today it is almost at $73. Cramer said this one could go north of $85.
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