Assurant (AIZ) 11/25/09 PriceWatch Alert With Support Around $30.72

Posted: Wednesday, November 25, 2009 8:26 AM EDT

Assurant (NYSE: AIZ) closed yesterday at $31.36. So far the stock has hit a 52-week low of $16.34 and 52-week high of $33.37. Assurant stock has been showing support around 30.72 and resistance in the 31.76 range. Technical indicators for the stock are Bullish and S&P gives AIZ a positive 4 STAR (out of 5) buy rating. AIZ appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 30 covered call (AIZ CF) for a net debit in the $28.41 area. That is also the break even stock price for this trade. This covered call has an 115 day duration, provides 9.41% downside protection and a 5.60% assigned return rate for a 17.76% annualized return rate (comparison purposes only). Assurant has a current annual dividend yield of 1.95%. [WBA-Seven Summits Research]

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