Omniture (OMTR) PriceWatch Alert Support At Around $12.44

Posted: Thursday, June 11, 2009 8:07 AM EDT

Omniture (NasdaqNM: OMTR) closed yesterday at $13.03. So far the stock has hit a 52-week low of $7.15 and 52-week high of $23.85. Omniture stock has been showing support around 12.44 and resistance in the 13.76 range. Technical indicators for the stock are Bullish and S&P gives OMTR a weak 2 STAR (out of 5) sell rating. OMTR appears on the Investors Observer Stocks In The News list. Morgan Stanley upgraded OMTR on Tuesday to Overweight from Equal-Weight. For a hedged play on this stock, look at a Dec '09 10 covered call (MOQ LB) for a net debit in the $9.03 area. That is also the break even stock price for this trade. This covered call has a 191 day duration, provides 30.70% downside protection and a 10.74% assigned return rate for a 20.53% annualized return rate (comparison purposes only). Omniture 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]

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