Advent Software (ADVS) PriceWatch Alert Shows Bullish Technicals

Posted on Thursday, August 28, 2008 8:07 AM

Advent Software (NasdaqNM: ADVS) closed yesterday at $45.57. So far the stock has hit a 52-week low of $32.90 and 52-week high of $58.27. Advent Software stock has been showing support around 44.84 and resistance in the 46.60 range. Technical indicators for the stock are Bullish 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 an Oct '08 45 covered call (UIV JI) for a net debit in the $42.57 area. That is also the break even stock price for this trade. This covered call has a 51 day duration, provides 6.58% downside protection and a 5.71% assigned return rate for a 40.85% annualized return rate (comparison purposes only). Advent Software does not pay dividends at this time. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]