T Rowe Price (TROW) PriceWatch Alert for February 9, 2010
Posted: Tuesday, February 09, 2010 8:29 AM EDT
By: Market Intelligence Center Staff
T Rowe Price (NASDAQ: TROW) closed yesterday at $48.13. So far the stock has hit a 52-week low of $20.09 and 52-week high of $55.48. T Rowe Price stock has been showing support around 47.05 and resistance in the 50.23 range. Technical indicators for the stock are Bearish and S&P gives TROW a neutral 3 STAR (out of 5) hold rating. TROW appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Apr '10 45 covered call for a net debit in the $43.53 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 9.56% downside protection and a 3.38% assigned return rate for an 18.40% annualized return rate (comparison purposes only). T Rowe Price has a current annual dividend yield of 2.07%. [ATU-Seven Summits Research]
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