SkyWest (SKYW) Listed On Investors Observer Momentum Plays List

Posted: Thursday, November 12, 2009 9:31 AM EDT

SkyWest (NasdaqNM: SKYW) closed yesterday at $15.63. So far the stock has hit a 52-week low of $8.17 and 52-week high of $19.25. SkyWest stock has been showing support around 15.16 and resistance in the 15.96 range. Technical indicators for the stock are Bullish and S&P gives SKYW a positive 4 STAR (out of 5) buy rating. SKYW appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Apr '10 15 covered call (UWQ DC) for a net debit in the $13.68 area. That is also the break even stock price for this trade. This covered call has a 156 day duration, provides 12.48% downside protection and a 9.65% assigned return rate for a 22.58% annualized return rate (comparison purposes only). SkyWest has a current annual dividend yield of 1.04%. [THA-Seven Summits Research]

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