Advent Software (ADVS) 11/6/09 PriceWatch Alert Targets 8.41% Return

Posted: Friday, November 06, 2009 8:42 AM EDT

Advent Software (NasdaqNM: ADVS) closed yesterday at $39.38. 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 38.57 and resistance in the 39.91 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 May '10 35 covered call (UIV EG) for a net debit in the $33.48 area. That is also the break even stock price for this trade. This covered call has a 197 day duration, provides 14.98% downside protection and a 4.54% assigned return rate for an 8.41% annualized return rate (comparison purposes only). Advent Software does not pay dividends at this time. [FBB-Seven Summits Research]

Click Symbol For More News On: (ADVS)