Yahoo (YHOO) NewsBite - YHOO Is On the Move

Posted: Monday, September 28, 2009 10:21 AM EDT

Yahoo (YHOO) appears to be on the move today and is now at $17.18, up $0.10 (0.59%) on volume of 4,081,425 shares traded. Over the last 52 weeks the stock has ranged from a low of $8.94 to a high of $19.25. YHOO was covered in a Vic Wisemann report today. To read the report, and find out what Vic thinks about the internet advertising industry, go to www.marketintelligencecenter.com/vw092809 . Yahoo stock has been showing support around $16.59 and resistance in the $17.39 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 bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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