VCA Antech (WOOF) 2/9/10 PriceWatch Alert Shows Bearish Technicals
Posted: Tuesday, February 09, 2010 8:47 AM EDT
By: Market Intelligence Center Staff
VCA Antech (NASDAQ: WOOF) closed yesterday at $24.70. So far the stock has hit a 52-week low of $17.66 and 52-week high of $27.99. VCA Antech stock has been showing support around 24.21 and resistance in the 25.17 range. Technical indicators for the stock are Bearish and S&P gives WOOF a neutral 3 STAR (out of 5) hold rating. WOOF appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jun '10 22.50 covered call for a net debit in the $21.60 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 12.55% downside protection and a 4.17% assigned return rate for an 11.70% annualized return rate (comparison purposes only). VCA Antech does not pay dividends at this time. [ATU-Seven Summits Research]
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