H and R Block (HRB) 9/3/10 PriceWatch Alert Bearish Price Movement
Posted: Friday, September 03, 2010 8:08 AM EDT
By: Market Intelligence Center Staff
H and R Block (NYSE: HRB) closed yesterday at $12.57. So far the stock has hit a 52-week low of $12.51 and 52-week high of $23.23. H and R Block stock has been showing support around 12.21 and resistance in the 13.17 range. Technical indicators for the stock are Bearish and S&P gives HRB a neutral 3 STAR (out of 5) hold rating. HRB appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '11 12 covered call for a net debit in the $10.82 area. That is also the break even stock price for this trade. This covered call has a 225 day duration, provides 13.92% downside protection and a 10.91% assigned return rate for a 17.69% annualized return rate (comparison purposes only). H and R Block has a current annual dividend yield of 4.68%. [FBB-Seven Summits Research]
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