Cerner (CERN) PriceWatch Alert Down To $32.51 Break Even
Posted: Thursday, October 23, 2008 8:07 AM EDT
By: Market Intelligence Center Staff
Cerner (NasdaqNM: CERN) closed yesterday at $36.71. So far the stock has hit a 52-week low of $31.41 and 52-week high of $60.27. Cerner stock has been showing support around 34.26 and resistance in the 40.48 range. Technical indicators for the stock are Bearish. CERN appears on the Investors Observer Stocks In The News list. CERN rose $1.69 (4.83%) Wednesday after being upgraded at Caris & Company to "Above Average" from "Average" after the company reported better-than-expected earnings. For a hedged play on this stock, look at a Jan '09 35 covered call (CQN AG) for a net debit in the $32.51 area. That is also the break even stock price for this trade. This covered call has an 86 day duration, provides 11.44% downside protection and a 7.66% assigned return rate for a 32.51% annualized return rate (comparison purposes only). Cerner 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]
CLICK HERE: FREE Cerner (CERN) Stock ReportSee what our analysts have uncovered about Cerner (CERN).