Eclipsys (ECLP) 2/9/10 PriceWatch Alert Up To 16.14% Downside Protection
Posted: Tuesday, February 09, 2010 8:32 AM EDT
By: Market Intelligence Center Staff
Eclipsys (NASDAQ: ECLP) closed yesterday at $16.42. So far the stock has hit a 52-week low of $7.39 and 52-week high of $21.15. Eclipsys stock has been showing support around 15.87 and resistance in the 16.81 range. Technical indicators for the stock are Bearish and S&P gives ECLP a neutral 3 STAR (out of 5) hold rating. ECLP appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Sep '10 15 covered call for a net debit in the $13.77 area. That is also the break even stock price for this trade. This covered call has a 221 day duration, provides 16.14% downside protection and an 8.93% assigned return rate for a 14.75% annualized return rate (comparison purposes only). Eclipsys does not pay dividends at this time. [ATU-Seven Summits Research]
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