Macrovision (MVSN) NewsBite - MVSN Gets Buy Rating

Posted: Monday, May 11, 2009 1:24 PM EDT

Macrovision (NasdaqNM: MVSN) opened at $21.16. So far today, the stock has hit a low of $20.96 and a high of $21.82. MVSN is now trading at $21.53, up $0.29 (1.37%). Over the last 52 weeks the stock has ranged from a low of $8.46 to a high of $22.66. MVSN shares are rising today after a Collins Stewart analyst initiated the stock at Buy with a $32 price target. 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 an October out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (MVSN)