Market Overview

Tivo Merger Talk With Rovi Boost Shares

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Tivo Inc. (NASDAQ: TIVO) shares are trading higher by $1.59 at $9.25 in Thursday's session. The issue is being buoyed by rumors that the company may be acquired by Rovi Corporation (NASDAQ: ROVI).

After a higher open, it retreated but found support well ahead of the top of Wednesday's range ($7.92), only reaching $8.67 before resuming its move higher. So far, it has reached $9.41 and is not far off that level.

If the rally continues, there may be additional resistance at its November 27 high ($9.74).

Posted-In: Technicals Intraday Update Movers Trading Ideas

 

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