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

Posted: Thursday, March 26, 2009 11:13 AM EDT

Sun Microsystems (JAVA) was covered in a Bloomberg Video Report today and the stock is now at $7.97, up $0.12 (1.52%) on volume of 3,929,101 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 $2.60 to a high of $16.51. Sun Microsystems stock has been showing support around $7.44 and resistance in the $8.38 range. Technical indicators for the stock are neutral and S&P gives JAVA a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on JAVA the stock seems like it could be a candidate for a May out-of-the-money bull-put credit spread below the 6 range. [ABR-Seven Summits Strategic Investments NewsBite]

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