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Options Trade of the Week - Yelp Inc (NYSE:YELP)
October 13, 2014

Options Trade of the Week

Monday, October 13, 2014

**Sterne Agee Backs Yelp with an Upbeat “BUY”! **

Yelp Inc’s (NYSE: YELP), the social-networking site that publishes crowd-sourced reviews of restaurants and other businesses, price action in 2014 has been quite volatile, but the stock has recently found a layer of support atop its year-to-date breakeven level, which roughly coincides with its 320-day moving average (located at $68.95 and $68.49, respectively).

Sterne Agee thinks a big bounce is in the equity's future, and started Yelp Inc with an $85 price target -- and an upbeat "buy" recommendation -- representing expected upside of 22% from Thursday's closing price of $69.62.

.......Read the rest of the report and find out the recommended options trade …..

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