Advent Software (ADVS) 11/20/09 PriceWatch Alert Shows Bearish Technicals
Posted: Friday, November 20, 2009 8:23 AM EDT
By: Market Intelligence Center Staff
Advent Software (NasdaqNM: ADVS) closed yesterday at $39.05. 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 37.90 and resistance in the 40.58 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 $33.65 area. That is also the break even stock price for this trade. This covered call has an 183 day duration, provides 13.83% downside protection and a 4.01% assigned return rate for an 8.00% annualized return rate (comparison purposes only). Advent Software does not pay dividends at this time. [FBB-Seven Summits Research]
CLICK HERE: FREE Advent Software (ADVS) Stock ReportSee what our analysts have uncovered about Advent Software (ADVS).