Omniture (OMTR) NewsBite - OMTR Downgraded By Jefferies & Co.

Posted: Tuesday, April 21, 2009 1:12 PM EDT

Omniture (OMTR) was downgraded today by analysts at Jefferies & Co. and the stock is now at $14.18, down $0.13 (-0.89%) on volume of 905,234 shares traded. The brokerage downgraded OMTR to Hold from Buy. 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 $13.97 and resistance in the $14.77 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 June out-of-the-money bear-call credit spread above the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (OMTR)