Advent Software (ADVS) 11/3/09 PriceWatch Alert With 12.94% Downside Protection
Posted: Tuesday, November 03, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
Advent Software (NasdaqNM: ADVS) closed yesterday at $38.63. So far the stock has hit a 52-week low of $17.66 and 52-week high of $42.70. Advent Software stock has been showing support around 36.91 and resistance in the 39.77 range. Technical indicators for the stock are Bearish and S&P gives ADVS a neutral 3 STAR (out of 5) hold rating. ADVS appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Feb '10 35 covered call (UIV BG) for a net debit in the $33.63 area. That is also the break even stock price for this trade. This covered call has a 109 day duration, provides 12.94% downside protection and a 4.07% assigned return rate for a 13.64% annualized return rate (comparison purposes only). Advent Software does not pay dividends at this time. [ATU-Seven Summits Research]
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