Angie's List (ANGI) volatility flat, shares near 5-month low into upgrade to Buy at BofA/Merrill

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Angie's List (Nasdaq: ANGI) was upgraded to Buy from Neutral at BofA/Merrill. Overall option implied volatility of 47 is near its 21-week average of 45 according to Track Data, suggesting non-directional price movement.

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