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Yelp Inc.Yelp Inc.Yelp Inc.

Yelp Inc.

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YELP trade ideas

YELP INC -YELP -Daily -Low volume rally back to KEY resistanceNote how well YELP reacts to the key levels labeled "Key Hidden Support/Resistance" over the past year. This setup is a rally back to where YELP reported earnings recently and will likely encounter some stiff resistance. Low volume rally back to key resistance in YELP has provided a low-risk entry on the short-side for a return back to 66 and 61. 71.50 is the strongest resistance area and 71.20 was reached at the high earlier this morning. Look for volume to increase on any decline to confirm the trade is triggering follow through selling from those sellers who are lurking at the 71.50 area. Tim 11:36AM EST, 8/12/2014 70.25 bid-70.48 ask YELP
NYSE:YELPShort
by timwest
5
Should you long $YELP before earnings? I think there are better risk/reward ratios to pursue, but I would keep an eye on a few of these technical levels to see if there's any short-term, swing trades to be made. Any break above resistance and earnings are the only thing keeping it back. Volume and MACD would support any movements up. Distribution is starting to pull back, and yesterday's candlestick might be indicative of a market hesitant to support it before earnings. Anyone long might want to keep an eye on the support, as failure at the resistance will send it back down to either fill the gap and return to glory or send it substantially lower.
NYSE:YELP
by stephen.punwasi
5
Trader takes a HUGE Bullish Bet in YELP and finds the bottomYelp Inc. operates as an online local guide that connects people primarily with boutiques, mechanics, restaurants, and dentists. Yesterday, we at www.keeneonthemarket.com saw a trader buy 9500 YELP May 75-90 Bull Call Spread for $2.60 debit. This is a HUGE bet that YELP will trade above $75 by May expiration. This was a $2.6 Million bet, so yesterday I bought the May 75 Calls for $3.20 and I am up over $7,000 in 2 days and I think that YELP has more upside potential. The Trade: I bought the YELP May 75 Calls for $3.40 Risk: $340 per 1 lot Reward: Unlimited Targets: $3.80, $4.40, $5.00, and $5.50 Greeks of this Trade: Delta: Long Gamma: Long Theta: Short Vega: Long
NYSE:YELPLong
by KeeneOnMarket
YELP Bounce tomorrow perhaps ... The recent trend on daily is clearly down. Both 8 and 21 EMA are negative. Therefore, playing a short position is probably safer. However, the stock may be due for a deadcat bounce. Possible counter-trend play. But looking @ the daily price and volume action, we see that yesterday we have a long candle with high volume. Today we have a shorter candle yet, higher volume. Not to mention we see a shadow @ the end of the candle. Therefore there could be some buyers supporting the price @ these levels. If LONG tomorrow, then target $82.4 and $84 (in addition to pivot points). Also, can look @ the daily 8 ema as target. if SHORT, then target $75 (in addition to pivot points)
NYSE:YELP
by jon.lee.317