Yahoo (YHOO) NewsBite - YHOO Upgraded By Bank of America

Posted: Thursday, September 10, 2009 10:08 AM EDT

Yahoo (YHOO) was upgraded today by analysts at Bank of America and the stock is now at $15.34, up $0.56 (3.78%) on volume of 7,956,976 shares traded. The analysts lifted YHOO to Buy from Neutral based on valuation. 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 $14.25 and resistance in the $15.13 range. Technical indicators for the stock are bullish and S&P gives YHOO a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on YHOO the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (YHOO)