Expeditors International of Washington (EXPD) 11/18/09 PriceWatch Alert With 15.36% Downside Protection

Posted: Wednesday, November 18, 2009 8:18 AM EDT

Expeditors International of Washington (NasdaqNM: EXPD) closed yesterday at $33.21. So far the stock has hit a 52-week low of $23.86 and 52-week high of $38.10. Expeditors International of Washington stock has been showing support around 32.07 and resistance in the 33.83 range. Technical indicators for the stock are Bullish and S&P gives EXPD a positive 4 STAR (out of 5) buy rating. EXPD appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a May '10 30 covered call (URP EF) for a net debit in the $28.11 area. That is also the break even stock price for this trade. This covered call has an 185 day duration, provides 15.36% downside protection and a 6.72% assigned return rate for a 13.27% annualized return rate (comparison purposes only). Expeditors International of Washington has a current annual dividend yield of 1.18%. [WBA-Seven Summits Research]

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