Rayonier (RYN) 2/9/10 PriceWatch Alert Targets 5.86% Downside Protection
Posted: Tuesday, February 09, 2010 8:17 AM EDT
By: Market Intelligence Center Staff
Rayonier (NYSE: RYN) closed yesterday at $40.12. So far the stock has hit a 52-week low of $22.28 and 52-week high of $45.61. Rayonier stock has been showing support around 39.29 and resistance in the 41.67 range. Technical indicators for the stock are Bearish and S&P gives RYN a neutral 3 STAR (out of 5) hold rating. RYN appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a May '10 40 covered call for a net debit in the $37.77 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 5.86% downside protection and a 5.90% assigned return rate for a 21.13% annualized return rate (comparison purposes only). Rayonier has a current annual dividend yield of 4.91%. [ATU-Seven Summits Research]
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