Unilever PLC (UL) Showing Bullish Technicals With Neutral S&P Rating

Posted: Wednesday, November 11, 2009 8:33 AM EDT

Unilever PLC (NYSE: UL) closed yesterday at $30.65. So far the stock has hit a 52-week low of $16.95 and 52-week high of $31.11. Unilever stock has been showing support around 30.35 and resistance in the 30.89 range. Technical indicators for the stock are Bullish and S&P gives UL a neutral 3 STAR (out of 5) hold rating. UL appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a May '10 30 covered call (UL EF) for a net debit in the $28.85 area. That is also the break even stock price for this trade. This covered call has a 192 day duration, provides 5.87% downside protection and a 3.99% assigned return rate for a 7.58% annualized return rate (comparison purposes only). Unilever has a current annual dividend yield of 2.00%. [WBA-Seven Summits Research]

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