Dreamworks Animation (DWA) Gets Positive S&P Rating

Posted: Thursday, November 19, 2009 9:29 AM EDT

Dreamworks Animation (NasdaqNM: DWA) closed yesterday at $33.56. So far the stock has hit a 52-week low of $17.32 and 52-week high of $38.05. Dreamworks Animation stock has been showing support around 33.27 and resistance in the 34.01 range. Technical indicators for the stock are Bullish and S&P gives DWA a positive 4 STAR (out of 5) buy rating. DWA appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Mar '10 30 covered call (DWA CF) for a net debit in the $28.86 area. That is also the break even stock price for this trade. This covered call has a 121 day duration, provides 14.00% downside protection and a 3.95% assigned return rate for an 11.92% annualized return rate (comparison purposes only). Dreamworks Animation does not pay dividends at this time. [THA-Seven Summits Research]

Click Symbol For More News On: (DWA)