Advent Software (ADVS) 2/9/10 PriceWatch Alert Technicals Showing Bearish
Posted: Tuesday, February 09, 2010 8:28 AM EDT
By: Market Intelligence Center Staff
Advent Software (NASDAQ: ADVS) closed yesterday at $37.40. So far the stock has hit a 52-week low of $24.65 and 52-week high of $42.70. Advent Software stock has been showing support around 36.86 and resistance in the 38.34 range. Technical indicators for the stock are Bearish and S&P gives ADVS a neutral 3 STAR (out of 5) hold rating. ADVS appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a May '10 35 covered call for a net debit in the $33.70 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 9.89% downside protection and a 3.86% assigned return rate for a 13.80% annualized return rate (comparison purposes only). Advent Software does not pay dividends at this time. [ATU-Seven Summits Research]
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