Macrovision (MVSN) NewsBite - MVSN Rises on 2009 Forecast

Posted: Tuesday, November 11, 2008 10:39 AM EDT

Macrovision (NasdaqNM: MVSN) opened at $10.19. So far today, the stock has hit a low of $9.38 and a high of $10.25. MVSN is now trading at $9.98, up $0.21 (2.15%). Over the last 52 weeks the stock has ranged from a low of $8.91 to a high of $27.48. MVSN shares are trading higher this morning after forecasting 2009 EPS of $1.25 to $1.55, above analysts' estimates of $1.16. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for MVSN. If you are looking for a hedged play on MVSN the stock seems like it could be a candidate for an April covered call above the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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