AmSurg (AMSG) Drops Over 3% With Bearish Technicals And Weak 2 STARs S&P Rating

Posted: Friday, November 13, 2009 9:12 AM EDT

AmSurg (NasdaqNM: AMSG) closed yesterday at $20.99. So far the stock has hit a 52-week low of $12.23 and 52-week high of $24.03. AmSurg stock has been showing support around 20.52 and resistance in the 21.90 range. Technical indicators for the stock are Bearish and S&P gives AMSG a weak 2 STAR (out of 5) sell rating. AMSG appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Mar '10 20 covered call (KKO CD) for a net debit in the $18.84 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 10.24% downside protection and a 6.16% assigned return rate for a 17.70% annualized return rate (comparison purposes only). AmSurg does not pay dividends at this time. [FBB-Seven Summits Research]

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