Macrovision (MVSN) NewsBite - MVSN Hits 52-Week High

Posted: Thursday, April 09, 2009 3:34 PM EDT

Macrovision (NasdaqNM: MVSN) hit a new 52-Week high of $18.99 so far today. Currently the stock is up $1.22 (6.87%) to $18.99 on 830,737 shares traded. Today's high is up $10.53 from a 52-Week Low of $8.46. Macrovision stock has been showing support around $17.32 and resistance in the $18.20 range. Technical indicators for the stock are bullish 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 a July out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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