Rockwell Collins (COL) 11/27/09 PriceWatch Alert Technicals Showing Bullish

Posted: Thursday, November 26, 2009 8:15 AM EDT

Rockwell Collins (NYSE: COL) closed yesterday at $54.50. So far the stock has hit a 52-week low of $27.67 and 52-week high of $54.60. Rockwell Collins stock has been showing support around 53.53 and resistance in the 55.09 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 $48.20 area. That is also the break even stock price for this trade. This covered call has a 141 day duration, provides 11.56% downside protection and a 3.73% assigned return rate for a 9.67% annualized return rate (comparison purposes only). Rockwell Collins has a current annual dividend yield of 1.81%. [FBB-Seven Summits Research]

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