Omniture (OMTR) NewsBite - OMTR Downgraded By Wedbush Morgan

Posted: Wednesday, April 08, 2009 2:16 PM EDT

Omniture (OMTR) was downgraded today by analysts at Wedbush Morgan and the stock is now at $13.69, down $0.48 (-3.39%) on volume of 1,510,701 shares traded. The brokerage downgraded OMTR to Sell from Hold. Over the last 52 weeks the stock has ranged from a low of $7.15 to a high of $26.85. Omniture stock has been showing support around $13.72 and resistance in the $14.60 range. Technical indicators for the stock are bearish and S&P gives OMTR a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on OMTR the stock seems like it could be a candidate for a May out-of-the-money bear-call credit spread above the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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