Amylin Pharmaceuticals (AMLN) 10/26/09 PriceWatch Alert With Support Around $12.54
Posted: Monday, October 26, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
Amylin Pharmaceuticals (NasdaqNM: AMLN) ended the last trading session at $12.85. So far the stock has hit a 52-week low of $5.50 and 52-week high of $15.69. Amylin Pharmaceuticals stock has been showing support around 12.54 and resistance in the 13.44 range. Technical indicators for the stock are Bearish 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 $9.05 area. That is also the break even stock price for this trade. This covered call has a 173 day duration, provides 29.57% downside protection and a 10.50% assigned return rate for a 22.15% annualized return rate (comparison purposes only). Amylin Pharmaceuticals does not pay dividends at this time. [ABR-Seven Summits Research]
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