Atheros Communications (ATHR) PriceWatch Alert Support At Around $16.24
Posted: Monday, June 08, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Atheros Communications (NasdaqNM: ATHR) ended the last trading session at $16.88. So far the stock has hit a 52-week low of $11.26 and 52-week high of $34.75. Atheros Communications stock has been showing support around 16.24 and resistance in the 17.34 range. Technical indicators for the stock are Bullish. ATHR appears on the Investors Observer Stocks In The News list. Deutsche Securities upgraded ATHR Thursday to Buy from Hold. For a hedged play on this stock, look at a Dec '09 15 covered call (QRA LC) for a net debit in the $13.38 area. That is also the break even stock price for this trade. This covered call has a 194 day duration, provides 20.73% downside protection and a 12.11% assigned return rate for a 22.78% annualized return rate (comparison purposes only). Atheros Communications 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 Atheros Communications (ATHR) Stock ReportSee what our analysts have uncovered about Atheros Communications (ATHR).