Advent Software (ADVS) Flat Yesterday And Trading In Tight Support/Resistance Range

Advent Software (NasdaqNM: ADVS) closed yesterday at $39.05. So far the stock has hit a 52-week low of $17.65 and 52-week high of $42.36. Advent Software stock has been showing support around 37.64 and resistance in the 40.40 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 Feb '10 35 covered call (UIV BG) 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 113 day duration, provides 13.83% downside protection and a 4.01% assigned return rate for a 12.96% annualized return rate (comparison purposes only). Advent Software does not pay dividends at this time.

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