Eclipsys (ECLP) 11/20/09 PriceWatch Alert With Support Around $18.54
Posted: Friday, November 20, 2009 8:47 AM EDT
By: Market Intelligence Center Staff
Eclipsys (NasdaqNM: ECLP) closed yesterday at $19.17. 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 18.54 and resistance in the 19.74 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 $16.57 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 13.56% downside protection and a 5.61% assigned return rate for a 17.07% annualized return rate (comparison purposes only). Eclipsys does not pay dividends at this time. [FBB-Seven Summits Research]
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