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Tessera Technologies (TSRA) NewsBite - Weak Forecast Sinks TSRA

Oct 30, 2009 (Fresh Brewed Media via COMTEX) --

Company: Tessera Technologies Inc (TSRA)

Tessera Technologies (TSRA) leads the list of top losers so far today, hurt by a fourth-quarter sales forecast fourth-quarter revenue well below analysts' estimates. The stock is now at $22.18, down $4.68 (-17.42%) on volume of 4,074,417 shares traded. Over the last 52 weeks the stock has ranged from a low of $8.33 to a high of $32.17. Tessera Technologies stock has been showing support around $25.33 and resistance in the $27.63 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for TSRA. If you are looking for a hedged play on TSRA the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 25 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

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Company: Tessera Technologies Inc (TSRA)


Related terms: revenue, S&P, sales

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