Rockwell Collins (COL) 11/30/09 PriceWatch Alert Down To $48.00 Break Even

Posted: Monday, November 30, 2009 8:40 AM EDT

Rockwell Collins (NYSE: COL) ended the last trading session at $53.70. 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 52.53 and resistance in the 54.63 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 $48.00 area. That is also the break even stock price for this trade. This covered call has a 138 day duration, provides 10.61% downside protection and a 4.17% assigned return rate for an 11.02% annualized return rate (comparison purposes only). Rockwell Collins has a current annual dividend yield of 1.78%. [ABR-Seven Summits Research]

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