Crane (CR) 2/9/10 PriceWatch Alert At $28.28 Break Even
Posted: Tuesday, February 09, 2010 8:45 AM EDT
By: Market Intelligence Center Staff
Crane (NYSE: CR) closed yesterday at $30.43. So far the stock has hit a 52-week low of $12.46 and 52-week high of $34.32. Crane stock has been showing support around 29.90 and resistance in the 30.98 range. Technical indicators for the stock are Neutral and S&P gives CR a neutral 3 STAR (out of 5) hold rating. CR appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jun '10 30 covered call for a net debit in the $28.28 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 7.07% downside protection and a 6.08% assigned return rate for a 17.08% annualized return rate (comparison purposes only). Crane has a current annual dividend yield of 2.57%. [ATU-Seven Summits Research]
CLICK HERE: FREE Crane (CR) Stock ReportSee what our analysts have uncovered about Crane (CR).
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