FMC (FMC) Is On Investors Observer Momentum Plays List

Posted: Tuesday, November 10, 2009 8:40 AM EDT

FMC (NYSE: FMC) closed yesterday at $54.51. So far the stock has hit a 52-week low of $30.01 and 52-week high of $58.13. FMC stock has been showing support around 52.07 and resistance in the 55.73 range. Technical indicators for the stock are Bullish and S&P gives FMC a neutral 3 STAR (out of 5) hold rating. FMC appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 55 covered call (FMC AK) for a net debit in the $51.41 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 5.69% downside protection and a 6.98% assigned return rate for a 38.04% annualized return rate (comparison purposes only). FMC has a current annual dividend yield of 0.95%. [ATU-Seven Summits Research]

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