Rockwell Collins (COL) Showing Bullish Technicals With Resistance Above Its 52-Week High

Posted: Monday, November 23, 2009 9:14 AM EDT

Rockwell Collins (NYSE: COL) closed yesterday at $53.08. So far the stock has hit a 52-week low of $27.67 and 52-week high of $53.88. Rockwell Collins stock has been showing support around 51.76 and resistance in the 53.80 range. Technical indicators for the stock are Bullish and S&P gives COL a positive 4 STAR (out of 5) buy rating. COL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 50 covered call (COL DJ) for a net debit in the $47.68 area. That is also the break even stock price for this trade. This covered call has a 145 day duration, provides 10.17% downside protection and a 4.87% assigned return rate for a 12.25% annualized return rate (comparison purposes only). Rockwell Collins has a current annual dividend yield of 1.80%. [ABR-Seven Summits Research]

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