Omniture (OMTR) NewsBite - OMTR Upgraded By Morgan Stanley

Posted: Tuesday, June 09, 2009 2:53 PM EDT

Omniture (OMTR) was upgraded today by analysts at Morgan Stanley and the stock is now at $12.92, up $0.54 (4.36%) on volume of 1,008,220 shares traded. The analysts upped the stock to Overweight from Equal-Weight. Over the last 52 weeks the stock has ranged from a low of $7.15 to a high of $23.85. Omniture stock has been showing support around $11.91 and resistance in the $12.79 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 September out-of-the-money bull-put credit spread below the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

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