Wisconsin Energy (WEC) Relatively Flat With Neutral 3 STARs S&P Rating

Posted: Thursday, November 12, 2009 9:23 AM EDT

Wisconsin Energy (NYSE: WEC) closed yesterday at $45.15. So far the stock has hit a 52-week low of $36.31 and 52-week high of $46.50. Wisconsin Energy stock has been showing support around 44.68 and resistance in the 45.70 range. Technical indicators for the stock are Bullish and S&P gives WEC a neutral 3 STAR (out of 5) hold rating. WEC appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 45 covered call (WEC AI) for a net debit in the $43.85 area. That is also the break even stock price for this trade. This covered call has a 65 day duration, provides 2.88% downside protection and a 2.62% assigned return rate for a 14.73% annualized return rate (comparison purposes only). Wisconsin Energy has a current annual dividend yield of 2.98%. [THA-Seven Summits Research]

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