Yahoo (YHOO) NewsBite - YHOO Trading Lower Following Yesterday's Analyst Day

Posted: Thursday, October 29, 2009 12:13 PM EDT

Yahoo (NasdaqNM: YHOO) opened at $16.15. So far today, the stock has hit a low of $15.74 and a high of $16.35. YHOO is now trading at $15.90, down $.14 (-0.87%). The stock hit its 52-Week high of $18.02 in earlier this month and set its 52-Week low of $8.94 in November. The stock is trading slightly lower today after the company's first analyst day in nearly 3 years with the company's CEO stating that the company is on a "journey back to respect." Technical indicators for the stock are bullish and S&P gives YHOO a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on YHOO the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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