Digital River (DRIV) NewsBite - DRIV Could Be On the Move

Posted: Monday, November 02, 2009 10:22 AM EDT

Digital River (DRIV) could be on the move today and is now at $22.70, down $0.13 (-0.57%) on volume of 182,666 shares traded. Over the last 52 weeks the stock has ranged from a low of $16.88 to a high of $41.20. DRIV was covered in a Vic Wisemann report today. To read the report, go to www.marketintelligencecenter.com/vw110209 . Digital River stock has been showing support around $22.10 and resistance in the $23.52 range. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for DRIV. If you are looking for a hedged play on DRIV the stock seems like it could be a candidate for a November out-of-the-money bear-call credit spread above the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]

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