Thermo Fisher Scientific (TMO) 11/23/09 PriceWatch Alert With Support Around $45.70

Posted: Monday, November 23, 2009 8:25 AM EDT

Thermo Fisher Scientific (NYSE: TMO) closed yesterday at $46.56. So far the stock has hit a 52-week low of $26.65 and 52-week high of $48.51. Thermo Fisher Scientific stock has been showing support around 45.70 and resistance in the 47.08 range. Technical indicators for the stock are Bullish and S&P gives TMO a neutral 3 STAR (out of 5) hold rating. TMO appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Mar '10 50 covered call (TMO CJ) for a net debit in the $45.01 area. That is also the break even stock price for this trade. This covered call has an 117 day duration, provides 3.33% downside protection and an 11.09% assigned return rate for a 34.59% annualized return rate (comparison purposes only). Thermo Fisher Scientific does not pay dividends at this time. [ABR-Seven Summits Research]

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