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 …..
"Success is simple. Do what's right, the right way, at the right time."
Option Tip for your Success!
Legal Notices and Disclaimers
Options traders are not successful because they win.
Options traders win because they are successful.