Amylin Pharmaceuticals (AMLN) 10/14/09 PriceWatch Alert With Support Around $13.57

Posted: Wednesday, October 14, 2009 8:18 AM EDT

Amylin Pharmaceuticals (NasdaqNM: AMLN) closed yesterday at $13.90. So far the stock has hit a 52-week low of $5.50 and 52-week high of $15.90. Amylin Pharmaceuticals stock has been showing support around 13.57 and resistance in the 14.39 range. Technical indicators for the stock are Bullish and S&P gives AMLN a neutral 3 STAR (out of 5) hold rating. AMLN appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 10 covered call (AQM DB) for a net debit in the $9.10 area. That is also the break even stock price for this trade. This covered call has an 185 day duration, provides 34.53% downside protection and a 9.89% assigned return rate for a 19.51% annualized return rate (comparison purposes only). Amylin Pharmaceuticals does not pay dividends at this time. [WBA-Seven Summits Research]

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