Can I share ~/.emacs.d/elpa with two machines?

[Jorge]

I use a cloud synchronization service, which provides the folder
~/$cloud_folder/
both in my personal notebook and in my work desktop.
My personal notebook's ~/.emacs.d is synchronized with the cloud
synchronization service through a symlink:
~/.emacs.d -> ~/$cloud_folder/.emacs.d
In my work desktop, I have a separate ~/.emacs.d - it is not
completely synchronized with the cloud - but I do symlink init.el to
the cloud via a symlink:
~/.emacs.d/init.el -> ~/$cloud_folder/.emacs.d/init.el
Therefore, both machines share the same init.el.

Can I also symlink ~/.emacs.d/elpa to the cloud, so that both machines
would share the same ~/.emacs.d/elpa ? They both run emacs 24.5
(compiled from source) on Ubuntu 15.04 on AMD64.

Regards

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