Federated Investors (FII) Showing Bullish Technicals With Support At $26.04

Posted: Friday, November 06, 2009 9:01 AM EDT

Federated Investors (NYSE: FII) closed yesterday at $26.58. So far the stock has hit a 52-week low of $15.80 and 52-week high of $28.10. Federated Investors stock has been showing support around 26.04 and resistance in the 26.88 range. Technical indicators for the stock are Bullish and S&P gives FII a neutral 3 STAR (out of 5) hold rating. FII appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 25 covered call (FII DE) for a net debit in the $23.68 area. That is also the break even stock price for this trade. This covered call has a 162 day duration, provides 10.91% downside protection and a 5.57% assigned return rate for a 12.56% annualized return rate (comparison purposes only). Federated Investors has a current annual dividend yield of 3.58%. [FBB-Seven Summits Research]

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