Vivo Participacoes (VIV) NewsBite - VIV Is On the Move
Posted: Tuesday, January 19, 2010 10:52 AM EDT
Vivo Participacoes (VIV) appears to be on the move today and is now at $29.29, up $0.60 (2.09%) on volume of 808,535 shares traded. Over the last 52 weeks the stock has ranged from a low of $12.93 to a high of $33.31. Vivo Participacoes stock has been showing support around $27.80 and resistance in the $30.06 range. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for VIV. If you are looking for a hedged play on VIV the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]
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