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

Posted: Monday, April 27, 2009 2:18 PM EDT

Macrovision (NasdaqNM: MVSN) hit a new 52-Week high of $20.22 so far today. Currently the stock is up $1.06 (5.55%) to $20.15 on 1,552,412 shares traded. Today's high is up $11.69 from a 52-Week Low of $8.46. Macrovision stock has been showing support around $18.60 and resistance in the $19.56 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 June out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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