Jiayuan.com (DATE) Showing Technicals But Could Fall Through $12.01 Support

   Date:2011/09/03

Jiayuan.com (NASDAQ:DATE) closed Thursday's seesaw trading session at $12.67. In the past year, the stock has hit a 52-week low of $9.12 and 52-week high of $16.12. Jiayuan.com (DATE) stock has been showing support around $12.01 and resistance in the $13.67 range. Technical indicators for the stock are . For a hedged play on Jiayuan.com (DATE), look at the Feb '12 $10.00 covered call for a net debit in the $9.07 area. That is also the break-even stock price for this trade. This covered call has a duration of 169 days, provides 28.41% downside protection and an assigned return rate of 10.25% for an annualized return rate of 22.15% (for comparison purposes only). Jiayuan.com (DATE) has a current trailing average dividend yield of 0%. [ATU-Seven Summits Research]

 

Source:marketintelligencecenter

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