Healthways (HWAY) Trading With Bullish Technicals On Heavy Volume

Posted: Monday, November 23, 2009 8:54 AM EDT

Healthways (NasdaqNM: HWAY) closed yesterday at $16.78. So far the stock has hit a 52-week low of $5.35 and 52-week high of $19.44. Healthways stock has been showing support around 16.35 and resistance in the 17.41 range. Technical indicators for the stock are Bullish. HWAY appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a May '10 15 covered call (QMH EC) for a net debit in the $13.78 area. That is also the break even stock price for this trade. This covered call has an 180 day duration, provides 17.88% downside protection and an 8.85% assigned return rate for a 17.95% annualized return rate (comparison purposes only). Healthways does not pay dividends at this time. [ABR-Seven Summits Research]

Click Symbol For More News On: (HWAY)