Advent Software (ADVS) Appears On Investors Observer Momentum Plays List
Posted: Friday, September 10, 2010 9:31 AM EDT
By: Market Intelligence Center Staff
Advent Software (NASDAQ: ADVS) closed yesterday at $51.58. So far the stock has hit a 52-week low of $36.65 and 52-week high of $52.64. Advent Software stock has been showing support around 50.43 and resistance in the 52.55 range. Technical indicators for the stock are Bullish 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 Feb '11 50 covered call for a net debit in the $48.58 area. That is also the break even stock price for this trade. This covered call has a 162 day duration, provides 5.82% downside protection and a 2.92% assigned return rate for a 6.59% annualized return rate (comparison purposes only). Advent Software does not pay dividends at this time. [FBB-Seven Summits Research]
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