Mercadolibre (MELI) Moves 3.3% to Intraday High

Mercadolibre, Inc. (Nasdaq: MELI) is currently at days' highs as it breaks above the $89.75 price level. Shares have hit a ceiling of $92.25, a move of just over 3.3 percent. Volume is also elevated.

MELI could see more resistance at $92.50, which it hit several times over the last month.

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