CR Bard (BCR) Showing Bullish Technicals And Positive 4 STARs S&P Rating

Posted: Tuesday, November 17, 2009 9:09 AM EDT

CR Bard (NYSE: BCR) closed yesterday at $81.65. So far the stock has hit a 52-week low of $68.94 and 52-week high of $88.43. CR Bard stock has been showing support around 80.30 and resistance in the 82.54 range. Technical indicators for the stock are Bullish and S&P gives BCR a positive 4 STAR (out of 5) buy rating. BCR appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 85 covered call (BCR AQ) for a net debit in the $80.70 area. That is also the break even stock price for this trade. This covered call has a 60 day duration, provides 1.16% downside protection and a 5.33% assigned return rate for a 32.41% annualized return rate (comparison purposes only). CR Bard has a current annual dividend yield of 0.85%. [ATU-Seven Summits Research]

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