Myriad Genetics (MYGN) Trading Near $28.44 Resistance Level

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Dec 12, 2012 (Marketintelligencecenter.com via COMTEX) -- Myriad Genetics (NASDAQ:MYGN) closed Tuesday's trading session at $27.81. In the past year, the stock has hit a 52-week low of $19.21 and 52-week high of $31.80. Myriad Genetics (MYGN) stock has been showing support around $27.12 and resistance in the $28.44 range. Technical indicators for the stock are Bearish. For a hedged play on Myriad Genetics (MYGN), look at the Feb '13 $26.00 covered call for a net debit in the $24.96 area. That is also the break-even stock price for this trade. This covered call has a duration of 66 days, provides 10.25% downside protection and an assigned return rate of 4.17% for an annualized return rate of 23.04% (for comparison purposes only). Myriad Genetics (MYGN) has a current trailing average dividend yield of 0%.

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