Thermo Fisher Scientific (TMO) 2/9/10 PriceWatch Alert Could Hit 28.86% Return
Posted: Tuesday, February 09, 2010 8:41 AM EDT
By: Market Intelligence Center Staff
Thermo Fisher Scientific (NYSE: TMO) closed yesterday at $46.79. So far the stock has hit a 52-week low of $30.83 and 52-week high of $49.70. Thermo Fisher Scientific stock has been showing support around 46.20 and resistance in the 47.62 range. Technical indicators for the stock are Bearish and S&P gives TMO a neutral 3 STAR (out of 5) hold rating. TMO appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jun '10 50 covered call for a net debit in the $45.34 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 3.10% downside protection and a 10.28% assigned return rate for a 28.86% annualized return rate (comparison purposes only). Thermo Fisher Scientific does not pay dividends at this time. [ATU-Seven Summits Research]
CLICK HERE: FREE Thermo Fisher Scientific (TMO) Stock ReportSee what our analysts have uncovered about Thermo Fisher Scientific (TMO).