Celebrity World Blog

Gsi Commerce, In the season of Christmas spending that exceeds expectations, Wedbush maintained their “Outperform” rating on GSI Commerce (NASDAQ: GSIC). Wedbush announced: “We expect online holiday spending to exceed expectations given the strong Black Friday, Cyber Monday, and follow through spending. We’re just raising our Q4 and 2011 estimates of income and expenditure since the force, it is reasonable to expect the results above consensus. We are increasing our revenue forecasts and Q4 FY11 and by 10 to 1360 million and 1.57 billion. We maintain our pro forma EPS estimates.GSC closed Thursday at 24.46, and 0.48, or 2.00 percent. Wedbush has a price target of $ 33 on them. GSI Commerce (NASDAQ:
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GSI Commerce (NASDAQ: GSIC) closed Tuesday's trading session at $23.12. In the past year, the stock has hit a 52-week low of $20.87 and 52-week high of $31.35. GSI Commerce stock has been showing support around $22.57 and resistance in the $23.55 range. Technical indicators for the stock are Bearish. For a hedged play on this stock, look at the Apr '11 $20.00 covered call for a net debit in the $19.12 area. That is also the break-even stock price for this trade. This covered call has a duration of 115 days, provides 17.30% downside protection and an assigned return rate of 4.60% for an annualized return rate of 14.61% (for comparison purposes only). GSI Commerce does not pay dividends at this time.
Read more: GSI Commerce (GSIC) Showing Bearish Technicals But Could Fall Through $22.57 Support