CR Bard (BCR) 11/27/09 PriceWatch Alert Could Hit 18.08% Return

Posted: Thursday, November 26, 2009 8:36 AM EDT

CR Bard (NYSE: BCR) closed yesterday at $82.00. So far the stock has hit a 52-week low of $68.94 and 52-week high of $88.43. CR Bard stock has been showing support around 81.07 and resistance in the 82.75 range. Technical indicators for the stock are Bullish and S&P gives BCR a positive 4 STAR (out of 5) buy rating. BCR appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 85 covered call (BCR DQ) for a net debit in the $79.45 area. That is also the break even stock price for this trade. This covered call has a 141 day duration, provides 3.11% downside protection and a 6.99% assigned return rate for an 18.08% annualized return rate (comparison purposes only). CR Bard has a current annual dividend yield of 0.84%. [FBB-Seven Summits Research]

Click Symbol For More News On: (BCR)