Yahoo (YHOO) NewsBite - YHOO Hits 52-Week High

Posted: Wednesday, September 30, 2009 2:41 PM EDT

Yahoo (NasdaqNM: YHOO) hit a new 52-Week high of $17.94 so far today. Currently the stock is up $0.45 (2.58%) to $17.90 on 20,925,408 shares traded. Today's high is up $8.96 from a 52-Week Low of $8.94. Yahoo stock has been showing support around $16.99 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 bull-put credit spread below the 16 range. [ABR-Seven Summits Strategic Investments NewsBite]

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