Eaton Vance (EV) Listed On Investors Observer Momentum Plays List

Posted: Monday, November 23, 2009 9:21 AM EDT

Eaton Vance (NYSE: EV) closed yesterday at $29.21. So far the stock has hit a 52-week low of $11.86 and 52-week high of $31.31. Eaton Vance stock has been showing support around 28.81 and resistance in the 29.51 range. Technical indicators for the stock are Bullish and S&P gives EV a neutral 3 STAR (out of 5) hold rating. EV appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a May '10 25 covered call (EV EE) for a net debit in the $23.91 area. That is also the break even stock price for this trade. This covered call has an 180 day duration, provides 18.14% downside protection and a 4.56% assigned return rate for a 9.24% annualized return rate (comparison purposes only). Eaton Vance has a current annual dividend yield of 2.11%. [ABR-Seven Summits Research]

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