Yahoo (YHOO) NewsBite - YHOO Could Be On the Move

Posted: Thursday, September 24, 2009 10:31 AM EDT

Yahoo (YHOO) could be on the move today and is now at $17.02, down $.19 (-1.1%) on volume of 2,811,887 shares traded. Over the last 52 weeks the stock has ranged from a low of $8.94 to a high of $19.56. YHOO was covered in a Lee Allen report today. To read the report, and see what Lee thinks about the state of online advertising, go to www.marketintelligencecenter.com/la092409 . Yahoo stock has been showing support around $16.63 and resistance in the $17.89 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 a November out-of-the-money bear-call credit spread above the 19 range. [ABR-Seven Summits Strategic Investments NewsBite]

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