Sun Microsystems (JAVA) NewsBite - JAVA Covered In Bloomberg Video Report Today

Friday, November 14, 2008 12:46 PM EDT

Sun Microsystems (JAVA) was covered in a Bloomberg Video Report today and the stock is now at $4.11, up $0.03 (0.74%) on volume of 5,387,934 shares traded. To see the video report go to http://www.marketintelligencecenter.com/VideoNews . Over the last 52 weeks the stock has ranged from a low of $3.50 to a high of $21.55. Sun Microsystems stock has been showing support around $3.31 and resistance in the $4.47 range. Technical indicators for the stock are bearish and S&P gives JAVA a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on JAVA the stock seems like it could be a candidate for a January covered call above the 4 range. [ABR-Seven Summits Strategic Investments NewsBite]

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