Credit Suisse Group (CS) 2/9/10 PriceWatch Alert Technicals Showing Bearish
Posted: Tuesday, February 09, 2010 8:37 AM EDT
By: Market Intelligence Center Staff
Credit Suisse Group (NYSE: CS) closed yesterday at $40.29. So far the stock has hit a 52-week low of $18.61 and 52-week high of $60.08. Credit Suisse Group stock has been showing support around 38.96 and resistance in the 41.92 range. Technical indicators for the stock are Bearish and S&P gives CS a positive 4 STAR (out of 5) buy rating. CS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jun '10 40 covered call for a net debit in the $36.19 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 10.18% downside protection and a 10.53% assigned return rate for a 29.56% annualized return rate (comparison purposes only). Credit Suisse Group has a current annual dividend yield of 0.14%. [ATU-Seven Summits Research]
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