Roper Industries (ROP) 2/9/10 PriceWatch Alert Targets 7.53% Downside Protection
Posted: Tuesday, February 09, 2010 8:38 AM EDT
By: Market Intelligence Center Staff
Roper Industries (NYSE: ROP) closed yesterday at $51.80. So far the stock has hit a 52-week low of $36.82 and 52-week high of $55.50. Roper Industries stock has been showing support around 51.16 and resistance in the 52.92 range. Technical indicators for the stock are Bearish and S&P gives ROP a positive 4 STAR (out of 5) buy rating. ROP appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a May '10 50 covered call for a net debit in the $47.90 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 7.53% downside protection and a 4.38% assigned return rate for a 15.69% annualized return rate (comparison purposes only). Roper Industries has a current annual dividend yield of 0.72%. [ATU-Seven Summits Research]
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