Reason why a Brand new website is ranking for a top keyword? [on hold]

Posted by Prasad EBK on Pro Webmasters See other posts from Pro Webmasters or by Prasad EBK
Published on 2013-07-01T05:36:39Z Indexed on 2013/07/01 10:29 UTC
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Its been noticed, one of our (new)competitor website is ranking 5 for a top keyword with high competition. The website is barely 2 months old. When I checked not much SEO is done on the website other than basic title/desc tags. No backlinks. The website pushed down our website and took its place for the keyword. The only reason that came to my mind is the latest penguin update. Or is the ranking just temporary???, will it eventually be pushed back?? its been holding on for atleast one month and its irritating. Thanks in advance.

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