Yahoo (YHOO) NewsBite - MSFT and YHOO Join As Search Engine Partners

Posted: Wednesday, July 29, 2009 1:39 PM EDT

Yahoo (YHOO) was covered in a Bloomberg Video Report today and the stock is now at $15.31, down $1.91 (-11.08%) on volume of 86,796,656 shares traded. To see the video report go to http://www.marketintelligencecenter.com/VideoNews . Over the last 52 weeks the stock has ranged from a low of $8.94 to a high of $20.82. Yahoo stock has been showing support around $16.11 and resistance in the $18.05 range. Technical indicators for the stock are neutral and S&P gives YHOO a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on YHOO the stock seems like it could be a candidate for an October out-of-the-money bear-call credit spread above the 18 range. [ABR-Seven Summits Strategic Investments NewsBite]

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