Eclipsys (ECLP) 11/3/09 PriceWatch Alert Up To 12.79% Downside Protection

Posted: Tuesday, November 03, 2009 8:11 AM EDT

Eclipsys (NasdaqNM: ECLP) closed yesterday at $18.76. So far the stock has hit a 52-week low of $7.39 and 52-week high of $21.15. Eclipsys stock has been showing support around 18.04 and resistance in the 19.24 range. Technical indicators for the stock are Bearish and S&P gives ECLP a neutral 3 STAR (out of 5) hold rating. ECLP appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Mar '10 17.50 covered call (IQV CW) for a net debit in the $16.36 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 12.79% downside protection and a 6.97% assigned return rate for an 18.56% annualized return rate (comparison purposes only). Eclipsys does not pay dividends at this time. [ATU-Seven Summits Research]

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