Beckman Coulter (BEC) Showing Bulllish Technicals And Listed On Investors Observer Momentum Plays List

Posted: Tuesday, November 17, 2009 9:06 AM EDT

Beckman Coulter (NYSE: BEC) closed yesterday at $66.79. So far the stock has hit a 52-week low of $35.94 and 52-week high of $71.57. Beckman Coulter stock has been showing support around 65.88 and resistance in the 67.80 range. Technical indicators for the stock are Bullish and S&P gives BEC a positive 4 STAR (out of 5) buy rating. BEC appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Feb '10 65 covered call (BEC BM) for a net debit in the $62.29 area. That is also the break even stock price for this trade. This covered call has a 95 day duration, provides 6.74% downside protection and a 4.35% assigned return rate for a 16.72% annualized return rate (comparison purposes only). Beckman Coulter has a current annual dividend yield of 1.10%. [ATU-Seven Summits Research]

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