Advent Software (ADVS) PriceWatch Alert With Support Around $45.55

Posted on Tuesday, September 02, 2008 8:07 AM

Advent Software (NasdaqNM: ADVS) ended the last trading session at $46.25. 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 45.55 and resistance in the 47.61 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 a Nov '08 45 covered call (UIV KI) for a net debit in the $41.75 area. That is also the break even stock price for this trade. This covered call has an 81 day duration, provides 9.73% downside protection and a 7.78% assigned return rate for a 35.08% 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]