CR Bard (BCR) 11/30/09 PriceWatch Alert Technicals Showing Bullish

Posted: Monday, November 30, 2009 8:34 AM EDT

CR Bard (NYSE: BCR) ended the last trading session at $81.86. 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 79.49 and resistance in the 83.57 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 $79.46 area. That is also the break even stock price for this trade. This covered call has a 138 day duration, provides 2.93% downside protection and a 6.97% assigned return rate for an 18.44% annualized return rate (comparison purposes only). CR Bard has a current annual dividend yield of 0.83%. [ABR-Seven Summits Research]

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