Expeditors International of Washington (EXPD) 11/23/09 PriceWatch Alert Targets 10.25% Downside Protection

Posted: Monday, November 23, 2009 8:04 AM EDT

Expeditors International of Washington (NasdaqNM: EXPD) closed yesterday at $32.18. 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 31.85 and resistance in the 32.49 range. Technical indicators for the stock are Bearish 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 Feb '10 30 covered call (URP BF) for a net debit in the $28.88 area. That is also the break even stock price for this trade. This covered call has an 89 day duration, provides 10.25% downside protection and a 3.88% assigned return rate for a 15.90% annualized return rate (comparison purposes only). Expeditors International of Washington has a current annual dividend yield of 1.15%. [ABR-Seven Summits Research]

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