Sybase (SY) Showing Bullish Technicals On Investors Observer Momentum Plays List

Posted: Monday, November 16, 2009 9:24 AM EDT

Sybase (NYSE: SY) ended the last trading session at $40.07. So far the stock has hit a 52-week low of $22.20 and 52-week high of $42.57. Sybase stock has been showing support around 39.58 and resistance in the 40.34 range. Technical indicators for the stock are Bullish and S&P gives SY a neutral 3 STAR (out of 5) hold rating. SY appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 40 covered call (SY AH) for a net debit in the $38.47 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 3.99% downside protection and a 3.98% assigned return rate for a 23.80% annualized return rate (comparison purposes only). Sybase does not pay dividends at this time. [ABR-Seven Summits Research]

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