WMS Industries (WMS) 2/9/10 PriceWatch Alert With 8.93% Downside Protection
Posted: Tuesday, February 09, 2010 8:39 AM EDT
By: Market Intelligence Center Staff
WMS Industries (NYSE: WMS) closed yesterday at $36.94. So far the stock has hit a 52-week low of $15.48 and 52-week high of $50.11. WMS Industries stock has been showing support around 35.49 and resistance in the 38.73 range. Technical indicators for the stock are Bearish and S&P gives WMS a neutral 3 STAR (out of 5) hold rating. WMS appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Apr '10 35 covered call for a net debit in the $33.64 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 8.93% downside protection and a 4.04% assigned return rate for a 22.02% annualized return rate (comparison purposes only). WMS Industries does not pay dividends at this time. [ATU-Seven Summits Research]
CLICK HERE: FREE WMS Industries (WMS) Stock ReportSee what our analysts have uncovered about WMS Industries (WMS).