Thermo Fisher Scientific (TMO) Appears On Investors Observer Analysts Favorites List
Posted: Tuesday, March 16, 2010 8:51 AM EDT
Thermo Fisher Scientific (NYSE: TMO) closed yesterday at $49.94. So far the stock has hit a 52-week low of $30.83 and 52-week high of $50.85. Thermo Fisher Scientific stock has been showing support around 49.12 and resistance in the 50.66 range. Technical indicators for the stock are Bullish and S&P gives TMO a neutral 3 STAR (out of 5) hold rating. TMO appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jun '10 50 covered call for a net debit in the $47.44 area. That is also the break even stock price for this trade. This covered call has a 95 day duration, provides 5.01% downside protection and a 5.40% assigned return rate for a 20.73% annualized return rate (comparison purposes only). Thermo Fisher Scientific does not pay dividends at this time. [ATU-Seven Summits Research]
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