Marsh and McLennan (MMC) Shows Up On Investors Observer Momentum Plays List

Posted: Wednesday, November 18, 2009 9:29 AM EDT

Marsh and McLennan (NYSE: MMC) closed yesterday at $23.80. So far the stock has hit a 52-week low of $17.18 and 52-week high of $25.58. Marsh and McLennan stock has been showing support around 23.52 and resistance in the 24.18 range. Technical indicators for the stock are Bearish and S&P gives MMC a neutral 3 STAR (out of 5) hold rating. MMC appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Apr '10 22.50 covered call (MMC DX) for a net debit in the $21.50 area. That is also the break even stock price for this trade. This covered call has a 150 day duration, provides 9.66% downside protection and a 4.65% assigned return rate for an 11.32% annualized return rate (comparison purposes only). Marsh and McLennan has a current annual dividend yield of 3.34%. [WBA-Seven Summits Research]

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