Jack Henry (JKHY) 11/20/09 PriceWatch Alert Support Down To $22.82
Posted: Friday, November 20, 2009 8:46 AM EDT
By: Market Intelligence Center Staff
Jack Henry (NasdaqNM: JKHY) closed yesterday at $23.30. So far the stock has hit a 52-week low of $14.29 and 52-week high of $24.75. Jack Henry stock has been showing support around 22.82 and resistance in the 23.84 range. Technical indicators for the stock are Bearish and S&P gives JKHY a neutral 3 STAR (out of 5) hold rating. JKHY appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jun '10 22.50 covered call (JKQ FX) for a net debit in the $21.20 area. That is also the break even stock price for this trade. This covered call has a 211 day duration, provides 9.01% downside protection and a 6.13% assigned return rate for a 10.61% annualized return rate (comparison purposes only). Jack Henry has a current annual dividend yield of 1.42%. [FBB-Seven Summits Research]
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