Sybase (SY) 11/19/09 PriceWatch Alert At $39.00 Break Even
Posted: Thursday, November 19, 2009 8:13 AM EDT
By: Market Intelligence Center Staff
Sybase (NYSE: SY) closed yesterday at $41.25. So far the stock has hit a 52-week low of $22.20 and 52-week high of $42.57. Sybase stock has been showing support around 40.16 and resistance in the 42.20 range. Technical indicators for the stock are Bullish and S&P gives SY a neutral 3 STAR (out of 5) hold rating. SY appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 40 covered call (SY AH) for a net debit in the $39.00 area. That is also the break even stock price for this trade. This covered call has a 58 day duration, provides 5.45% downside protection and a 2.56% assigned return rate for a 16.14% annualized return rate (comparison purposes only). Sybase does not pay dividends at this time. [THA-Seven Summits Research]
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