Buckle Inc. (BKE) 9/3/10 PriceWatch Alert Technicals Showing Bearish
Posted: Friday, September 03, 2010 8:15 AM EDT
By: Market Intelligence Center Staff
Buckle Inc. (NYSE: BKE) closed yesterday at $26.17. So far the stock has hit a 52-week low of $23.00 and 52-week high of $40.35. Buckle Inc stock has been showing support around 24.35 and resistance in the 27.19 range. Technical indicators for the stock are Bearish and S&P gives BKE a very weak 1 STAR (out of 5) strong sell rating. BKE appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Dec '10 25 covered call for a net debit in the $23.52 area. That is also the break even stock price for this trade. This covered call has a 106 day duration, provides 10.13% downside protection and a 6.29% assigned return rate for a 21.67% annualized return rate (comparison purposes only). Buckle Inc has a current annual dividend yield of 3.34%. [FBB-Seven Summits Research]
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